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Tuesday, December 23, 2008

Russia to allocate $35.3 billion for arms production in 2009-11

State capital investments into serial production of armaments and military hardware in 2009-2011 will total about $35.3 billion, a first deputy chairman of Russia's military-industrial commission said Monday.

"In practice, over three years these expenditures will total about 1 trillion rubles," Vladislav Putilin said.

Putilin also said the government had approved the state defense order for 2009-11 worth a total of 4 trillion rubles ($141 billion).

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