Russia would increase spending on its nuclear arsenals by 50 percent in the next three years, a parliamentary defense committee said Tuesday. According to the committee's report, submitted for federal budget discussions, Russia intends to spend more than 46 billion rubles (1.4 billion U.S. dollars) on nuclear weapons building and maintenance in 2014-2016. Though the federal budget for 2014 is expected to be tight, it envisages defense spending will increase from 2.1 trillion rubles (65.6 billion dollars) in 2013 to 3.38 trillion rubles (105.6 billion dollars) in 2016, or by 60 percent. Defense Minister Sergei Shoigu said in September the planned budget deficit would result in no cuts in military procurement plans until 2020. Also last month, President Vladimir Putin voiced his dissatisfaction with the slow pace of the nation's military rearmament, warning outdated military equipment threatened to hurt the efficiency of the entire army. He urged military industrialists to stay on the cutting edge of arms development, demanding new military equipment be delivered to the armed forces starting from 2014. Earlier this year, Putin said nuclear weapons remained the most important guarantee of Russia's sovereignty and integrity. Russia plans to upgrade some 85 percent of its strategic nuclear weapons by 2020. The government has earmarked 20 trillion rubles (about 600 billion dollars) for the massive rearmament program until 2020.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor