MOSCOW, August 20 (Itar-Tass) - Procurement of 37 MiG-35 warplanes has been delayed because the industry is not ready to execute this contract, Russian Deputy Defiance Minister Yuri Borisov told reporters on Tuesday.

"We're postponing the procurement of MiG-35 aircraft to 2016; until then, we'll purchase 16 MiG-29SMTs," Borisov said denying the reports that the postponement followed the Finance Ministry's request. "The Finance Ministry has nothing to do with it; the industry is not ready yet," the deputy defence minister said.

He also said there would be no cuts in defense spending in 2013.