Sunday, February 27, 2011

Russia launches $650b military plan - 26th Feb 2011

Russia is planning to spend $650 billion on renewing its military equipments, including helicopters, submarines and warships until 2020.

The plan includes the purchase of 100 warships, 8 nuclear submarines, 600 jets and 1,000 helicopters.

Russia's Deputy Defense Minister Vladimir Popovkin says the plan would largely extend the number of modern equipments adding the main task is the modernization of the armed forces. However, Popovkin says Russia is not interested in purchasing any foreign weapons or military hardware.

With only 10 percent of its armed forces considered as “modern,” the Kremlin needs to upgrade its decrepit military by recruiting and training new troops as the country continues to rely on its antiquated equipments and is currently short of manpower. A drive to improve the forces is said to have already begun. Read More