Nearly $ 4 billion allocated for defense R&D in 2012

The Russian government has allocated 128 billion rubles (about $ 4 billion) for development of new weapons and military hardware in 2012, First Deputy Defense Minister Alexander Sukhorukov told reporters on Wednesday.

"Of the 679 billion rubles (about $ 21 billion) in defense funding for this year, 128 billion rubles have been set aside for research and development," he said.

In 2013, 173 billion rubles (about $ 5 billion) will be allocated for these purposes, Sukhorukov said.

"This is not the money of the United States of America which spends up to $300 billion (per year) for these purposes, but that country has much greater economic opportunities," he said.

Nevertheless, funding for defense research and development has been increasing over the past five years and on average accounts for 18-20% of the total defense funding.

All rights reserved by Rossiyskaya Gazeta.

We've got more than 2 million followers on Facebook. Join them!

This website uses cookies. Click here to find out more.

Accept cookies