Defense/ Armament program

Russian Defense Ministry will have more than half of its spending in 2015 to fund a state-financed armament program, Deputy Defense Minister Tatiana Shevtsova said at a lecture delivered for students of St. Petersburg State Economic University on Friday.

“This year the Defense Ministry will channel more than half of all expenditures to fund the state armament program,” Shevtsova said.

Expenses on the defense industry will not be cut regardless the current economic situation, deputy chairman of the Military Industrial Commission board Oleg Bochkarev said earlier. The state defense order will grow by more than 20% year on year in 2015 and by more than 40% in 2017, he said.

Half of Russian Defense Ministry's expenditures in 2015 to be used on armament program