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Rogozin sees no need in building up state presence in defense industries

75 percent of all defense industries are already under the direct control of the state

MOSCOW, February 28 (Itar-Tass) —— Russian Deputy Prime Minister Dmitry Rogozin sees no need in building up the presence of the state in the defense-industrial complex.

He told the State Duma on Tuesday about 75 percent of all defense industries were under the direct control of the state – some, through the head offices of integrated entities.

“In our opinion, the need for a further increase of state control is absent,” Rogozin said.

He also announced that proposals were being drafted for ensuring the transparency of the defense-industrial complex’s finances.

“By March 1 I will have a memorandum on what lending institutions the defense-industrial enterprises are working with,” he said.

Rogozin recalled that in 2011-2014 government investments in the national defense industry would grow 3.5 times in contrast to 2010.

“And most of them – up to 75 percent – will be used to purchase new equipment for replacing the obsolete one, to upgrade enterprises and create new technologies,” Rogozin said.