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Russia Will Inject USD100 Billion Investment In Defence Industries

Russia has claimed that it will inject USD100 billion into the
development of its defence industries during the next decade: a figure
that, if achieved, would point towards investment of about 0.5 per cent
of its Gross Domestic Product during the years to 2021.
The investment was announced by Russian Deputy Prime Minister (and former defence minister) Sergei Ivanov on 21 March.
In comments carried by Russian state information service RIA Novosti,
Ivanov said that the sum had been allocated under the state programme
for the modernisation of Russia’s defence sector. The aim is to meet the
wider goal of the recapitalisation of the national military inventory
with high-technology systems by 2020.