CONTENT PREVIEW
Industry

Russia's state defence order to increase by 25% in 2014

26 November 2013

Russian Deputy Minister of Defence Yury Borisov announced on 20 November that the state defence order for 2014 will be 25% greater than 2013. This will increase military procurement from USD42 billion to approximately USD53 billion next year.

He addressed a news media roundtable together with representatives of major Russian defence industrial enterprises.

Borisov said over 50% of new armaments and equipment under contract have reached the armed forces in 2013, but he expects 95% before the end of the year.

However, Borisov noted that some factories will not meet delivery deadlines due to insufficient production capacity and labour shortages.



(100 of 263 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT