Thursday, October 09, 2008

Russia to increase military budget by 50%

Although the recent drop in oil prices may hurt the economy, Russia is planning to use big profits from oil and gas exports to expand military spending by nearly 50 percent over the next three years.

Russia has been responding energetically to what it sees as expansionist moves by NATO. The new defense budget would include aggressive spending on cruise missile and attack submarines, and also emphasis on air superiority fighters. There are reports that Moscow is also planning to build eight highly-advanced Borey ballistic missile submarines.

Moscow has significantly increased operations beyond its borders that were nearly entirely retired after the fall of the Soviet Union.

Voice of America

Russia plans to boost military spending
Washington Times - 57 minutes ago
MOSCOW | Russia, flush with wealth from its record-level oil and gas exports, is planning to further boost its defense spending by almost 50 percent over the next three years, a senior legislator in Moscow said last week.
Video: World needs new rules RussiaToday
Medvedev promotes new security pact

Labels: , , ,

Purchase Paul Kekai Manansala's books at


Post a Comment

<< Home

Fat Diminisher September Contest! $20,000 In Winnings! Click Here!

Add to Technorati Favorites!

Add to Google

Subscribe in NewsGator Online

If you have Google or Yahoo! toolbars, drag this link into your bookmarks toolbar to bookmark this page.

Add to reddit
Add to Digg

Press Ctrl + D to add to your browser bookmarks.