Russia’s defence sector to see no big cash injections after 2020 — deputy PM

Russia’s defence industry should be given the strongest impulse for its further development as no large cash injections are expected in the industry after 2020, Deputy Prime Ministry Dmitry Rogozin said on Tuesday.

Russia’s defence industry should be given the strongest impulse for its further development as no large cash injections are expected in the industry after 2020, Deputy Prime Ministry Dmitry Rogozin said on Tuesday.

The vice-premier overseeing the domestic defense industry in the Russian government said at a conference on additive technologies that Russian defence manufacturers face special responsibility in the current economic conditions as they need to upgrade facilities within the shortest time possible now that the country is financing the industry "taking away funds from social programs, education and medicine."

"After 2020, we’ll of course have no such powerful volumes of defence production but we should emerge after 2020 not with an industry squeezed like a lemon but with high-tech industry that will give a powerful boost to the development of the entire civilian industry," the vice-premier said.

Digital production will replace some types of mass production in the coming 20 years, especially products with high final cost, the vice-premier said.

"The world market of additive technologies totaled $3.07 billion in 2013, growing by over 27% on average annually," Rogozin said.

"It would be unwise to fail to see and harness this trend," the vice-premier said.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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