Text:
Photo: Sergei Ivanov. , Reuters
It is planned to appropriate about RUR 5 trillions for modernization of Russian Navy, said Vice Premier Sergei Ivanov at the press conference. "I do not oppose the sum of 5 trillions. It roughly corresponds to reality", he said. However, Ivanov could not answer whether or not this amount includes procurement of arms and equipment.
| Tell a friend | Print version |
|---|
Navy will get about RUR 5 trillions for modernization – Ivanov
03/22/2011![]() |
Vice premier also reported the federal target program for defense industry development provides appropriation of RUR 3 trillions, including RUR 1.8 trillions from budget. According to Ivanov, 60% of this sum is budgetary funds and 40% are invested by arms-producing companies, i.e. RUR 1.8 trillions and RUR 1.2 trillions respectively.



