Russian Foreign Ministry refutes reports about alleged deportation of Russians from SerbiaRussian Politics & Diplomacy October 28, 19:07
Moscow slams US marines’ deployment in NorwayRussian Politics & Diplomacy October 28, 18:57
Photos of the week: fire in a giant migrant camp, Trump's flag hug and a 'river of sheep'Society & Culture October 28, 18:49
Finance ministers of Russia and Ukraine can meet if Kiev's debt is recognized as sovereignBusiness & Economy October 28, 18:48
US-led coalition increases intensity of air strikes near Mosul — Russian General StaffWorld October 28, 18:02
Russian General Staff asks Putin for permission to continue strikes at militants in AleppoRussian Politics & Diplomacy October 28, 17:56
Russian tennis chief favors relocating ATP World Tour Finals to Moscow from LondonSport October 28, 17:51
DPR official says Kiev beefs up positions deploying rocket artillery to DonbassWorld October 28, 17:48
Israeli investors arrive in Crimea to assess venues for future investment projectsBusiness & Economy October 28, 17:26
Russia began drafting the program in 2013. “It will be the fifth largest state program of the sort in the past 20 years,” the president said.
The program will also help to overcome the crisis in the Russian defence industry and spur its growth, he added.
Putin said large amounts of money had been invested in the program, signifying an almost 10-fold increase from 2.5 trillion roubles ($67 billion) in 2001-2010 to over 20 trillion roubles ($540 billion) in 2011-2020. And an additional 3 billion roubles ($81 million) have been earmarked specifically for the development of the defense industry.
Such concentration of resources was necessary in order to rearm the Army and the Navy within a short period of time, upgrade defense enterprises and make up for the setbacks suffered in the previous years when the defence industry was struggling to survive.