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Saturday, August 07, 2010

Russia plans major defense budget upgrade

Project 955 Borey nuclear-powered strategic submarineWhile Russia's 2011-2013 defense budget contains increases, Gen. Oleg Frolov has warned that these will be insufficient for the period up to 2020.

Frolov, who is acting head of armaments for the Russian Federation Ministry of Defense, made his observations in the Duma, Voenno-Promyshlennii Kurier reported on Thursday.

Frolov told the Duma that while the 2011-2020 state arms program, the most expensive in recent Russian history, will reach expenditures of $436.4 billion, the Ministry of Defense believes that to fulfill its missions the actual amount need for the period is actually $940 billion to $1.2 trillion over the next decade.

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