Russian Navy


Navy will get about RUR 5 trillions for modernization Ivanov


Navy will get about RUR 5 trillions for modernization  Ivanov 22.03.2011
Text: Finmarket
Photo: Sergei Ivanov. ng.ru, 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.

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.

Back to the list





Back to news list


Copyright 1998-2012 RusNavy.com. All materials contained in this Website are protected by copyright laws and may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission from the editorial staff. The editorial staff. Site created by ProLabs. Russian version.