Russia outlines defence spending

Last Updated: Wed, Jan 25, 2012 02:40 hrs

Moscow, Jan 25 (IANS) The Russian military will sign about 2,000 contracts for defence purchases in 2012, the defence ministry said Tuesday.

Russia has prepaid some 60 billion rubles (about $2 billion) for defence equipment, Xinhua quoted First Deputy Defence Minister Alexandr Sukhorukov as saying.

The equipments include 30 strategic Topol-M and Yars missiles, two space satellites, 8,531 land vehicles, 21 warplanes and 82 helicopters. In addition, Russia plans to buy 60 armored vehicles from Italy.

Sukhorukov said the Russian Army has enough light arms and ammunition in the arsenals to arm five million troops. Russian forces numbered only one million in 2011.

The minister said the number of military contracts had been falling year-on-year. There were 3,000 contracts signed in 2011 and 12,500 in 2007.

Last year, Russia allocated 1.516 trillion rubles (about $49 billion) for defence purposes.

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