Russia launches $600bn defence spending drive

24 Feb, 2011

"The main task is the modernisation of our armed forces. Nineteen trillion rubles ($600 billion) will be allocated for this," Russian news agencies quoted him as saying.

The procurement drive, which has been repeatedly flagged by the Kremlin, is a key element of landmark military reforms which aims to revamp the armed forces' Soviet-era structures to cope with the demands of modern warfare

Copyright AFP (Agence France-Presse), 2011 

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