All news

Putin orders share of non-defense export in defense industry to be increased to 50%

Russian president has also marked progress in the national defense industry sector

MOSCOW, December 1. /TASS/. Russian President Vladimir Putin called in the state-of-the-nation address to the Federal Assembly on Thursday to increase the share of non-defense export in the defense industry to 50% by 2030.

"Its share should be at least a third of the total production output in the defense sector in the coming decade," Putin said.

"I want to share these plans with you: the defense segment will produce approximately 16.1% of non-defense products, minor growth is planned in 2020, 30% by 2025 and at least 50% of non-defense products should be by 2030," Putin said. 

Russian president has also marked progress in the national defense industry sector, which shows a significant productivity growth - 9.8%.

"We conducted a thorough modernization of the military-industrial enterprises of the defense sector. This has led to an increase in production volumes, and which is most important - to a significant increase in productivity. The defense sector shows is very good performance and gives a good example. In 2016, the expected rate of production growth in the defense industry will be 10.1%, and the expected productivity growth rate is 9.8%," President Vladimir Putin said in his state-of-the-nation address