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    <title>Business Recorder - News</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 22:53:42 +0500</pubDate>
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      <title>Russia launches $650bn military spending drive</title>
      <link>https://www.brecorder.com/news/4492/russia-launches-650bn-military-spending-drive</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/russia.jpg" width="400" height="300" /&gt;MOSCOW: Russia launched a $650 billion rearmament plan Thursday to counter the West's military dominance by adding eight nuclear submarines and hundreds of warplanes to its creaking armed forces.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Details of the long-flagged Kremlin procurement plan through 2020 see Russia acquiring a total of 20 submarines and more than 600 warplanes in place of a creaking fleet of outdated jets that have been losing international clients.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Deputy Defence Minister Vladimir Popovkin said Russia would build a total of 100 new ships and acquire 1,000 additional helicopters -- figures that would dramatically swell the number of modern and battle-ready craft.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The main task is the modernisation of our armed forces. Nineteen trillion rubles ($653 billion) will be allocated for this," news agencies quoted Popovkin as saying.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We are not interested in purchasing any foreign weapons or military equipment," he added.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The Kremlin has vowed repeatedly to boost spending on a dilapidated military whose 2009 exercises were scoffed at by the United States' mission to NATO in cables published by the WikiLeaks website.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The US official said the war games showed that Russia was only capable of engaging in a small to mid-sized local conflict that did not require the engagement of more than one branch of the armed forces.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The assessment added that Russia "continues to rely on aging and obsolete equipment" and further suffers from a "manpower shortage".&lt;/p&gt;
&lt;p class="MsoPlainText"&gt; &lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt; &lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/russia.jpg" width="400" height="300" />MOSCOW: Russia launched a $650 billion rearmament plan Thursday to counter the West's military dominance by adding eight nuclear submarines and hundreds of warplanes to its creaking armed forces.</p>
<p class="MsoPlainText">Details of the long-flagged Kremlin procurement plan through 2020 see Russia acquiring a total of 20 submarines and more than 600 warplanes in place of a creaking fleet of outdated jets that have been losing international clients.</p>
<p class="MsoPlainText">Deputy Defence Minister Vladimir Popovkin said Russia would build a total of 100 new ships and acquire 1,000 additional helicopters -- figures that would dramatically swell the number of modern and battle-ready craft.</p>
<p class="MsoPlainText">"The main task is the modernisation of our armed forces. Nineteen trillion rubles ($653 billion) will be allocated for this," news agencies quoted Popovkin as saying.</p>
<p class="MsoPlainText">"We are not interested in purchasing any foreign weapons or military equipment," he added.</p>
<p class="MsoPlainText">The Kremlin has vowed repeatedly to boost spending on a dilapidated military whose 2009 exercises were scoffed at by the United States' mission to NATO in cables published by the WikiLeaks website.</p>
<p class="MsoPlainText">The US official said the war games showed that Russia was only capable of engaging in a small to mid-sized local conflict that did not require the engagement of more than one branch of the armed forces.</p>
<p class="MsoPlainText">The assessment added that Russia "continues to rely on aging and obsolete equipment" and further suffers from a "manpower shortage".</p>
<p class="MsoPlainText"> </p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i> </i></center></p>
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      <guid>https://www.brecorder.com/news/4492</guid>
      <pubDate>Thu, 24 Feb 2011 16:06:39 +0500</pubDate>
      <author>none@none.com (Imad Uddin)</author>
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