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Russia's defense industry

PM certain Russian army reequipment task will be 70% fulfilled by 2020

Russia raised its defense spending five years ago as the condition of the Armed Forces' military hardware "was well below the mark"

© Sergei Bobylev/ITAR-TASS

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MOSCOW, December 9. /TASS/. Russian Prime Minister Dmitry Medvedev said on Wednesday he is certain that the task of reequipping the Russian army will be 70% fulfilled by 2020.

"We really once decided to increase defense spending. It is so, and the decision was made practically five years ago. I believe that we did not back the wrong horse, we did it absolutely right, because at that time, unfortunately, the condition of our military hardware and the Armed Forces in general was well below the mark," he said in an interview to Russia’s federal TV channels.

"We now have increased the [defense] spending up to the world level and we aim to reequip ([he Armed Forces] with new armaments, new military hardware practically by 70% by 2020, and this task will be fulfilled. It’s beyond doubt," Medvedev said.

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Russian defense industry

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