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Russia’s defence output may grow by 50 percent in 2014-2016

Deputy Economic Development Minister Andrei Klepach noted that the defence industry is one of locomotives of Russia’s economy

MOSCOW, June 28 (Itar-Tass) - Russia’s defence output may grow by 50 percent, Deputy Economic Development Minister Andrei Klepach told the conference “Be strong: guarantees of national security for Russia” on Friday.

“To fulfil the state arms programme, taking into account civil products, the defence industry’s output should grow by 50 percent,” he said.

Klepach noted that the defence industry is one of locomotives of Russia’s economy.

“If we take last year, our machine-building grew by 6.6 percent. This year we will yield 2 percent, if not less,” he said. “Last year the defence complex demonstrated the growth of 15 percent and this year we expect it will reach 18-19 percent. Despite trends curbing growth, the defence complex in its military and civil products is really one of the most dynamic sector.”

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