Russia plans record $46.5 billion arms spending in 2009

Steve Johnson
by Steve Johnson

Reuters reports:

MOSCOW (Reuters) – Russian spending on arms will rise to a record $46.5 billion next year, a senior government official said on Friday, as the Kremlin moves to beef up the armed forces after a conflict in Georgia.

Russian national defence orders will rise to 1.2 trillion roubles ($46.55 billion) in 2009, 70 billion roubles higher than previously planned, Deputy Prime Minister Sergei Ivanov was shown saying on Russian television.

“We have managed to convince the Finance Ministry that the volume of state defence orders in 2009 will be 70 billion higher than previously planned,” Ivanov told Prime Minister Vladimir Putin.

Steve Johnson
Steve Johnson

I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!

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  • Jdun1911 Jdun1911 on Sep 15, 2008

    Corruptions will steal 20 billions out of it. It still well below Japan and UK 60+ billions military budget. Then there is the USA with over 500 billions for the military.

  • Jdun1911 Jdun1911 on Sep 17, 2008

    There goes the Russian's 46.5 billions arms spending for next year. Their stock market crashed and the gas price is in a free fall. Good luck at beating Japan's 60+ and almost 600 billions US military budget.