Russia's Defense Spending To Rise By 60% By 2013

Russia's Defense Spending To Rise By 60% By 2013

Russia is planning to spend 80 billion rubles ($2.65 billion) on 60 Su-family fighter jets starting 2010, and buy 26 MiG-29K Fulcrum-D carrier-based fighter jets, with the expected contract estimated at about 25 billion rubles (more than $828 million).

http://www.spacewar.com/reports/Russias_Defense_Spending_To_Rise_Significantly_By_2013_999.html Moscow, Russia (RIA Novosti) Aug 03, 2010 Russian defense spending will increase by 60 percent, to more than 2 trillion rubles ($66.3 million) by 2013 from 1.264 trillion ($42 million) in 2010, a leading Russian business daily has said. The Russian government made the relevant decision during a meeting on Thursday. The largest growth is planned for 2013, when the figure will rise by 0.5 trillion rubles ($16.6 million), Vedomosti reported.
Konstantin Makiyenko from the Russian Center for Analysis of Strategies and Technologies (CAST) told the paper that the government is likely to spend more on the Navy, as well as the aviation and space industries.