Saturday, December 29, 2012

Russia To Triple Defense Spending In Three Years

Deputy Prime Minister Dmitry Rogozin. © RIA Novosti. Alexei Druzhinin

Russia To Triple State Defense Order By 2015 -- RIA Novosti

MOSCOW, December 27 (RIA Novosti) – Russia will gradually increase the annual amount of the state defense order to 2.8 trillion rubles (about $92 billion) by 2015, Deputy Prime Minister Dmitry Rogozin said on Thursday.

“The state defense order will reach about 1.9 trillion rubles next year, about 2.2 trillion in 2014 and 2.8 trillion in 2015," Rogozin said in an interview with Rossiya 24 television.

Russia allocated about 908 billion rubles (about $30.7 bln) on state defense order spending in 2012.

Read more ....

Update: Russia to triple military spending -- Examiner

My Comment:
When a country is tripling their defense spending .... that's usually a sign that they are preparing to go to war. Fortunately .... Russia is not preparing to go to war .... they are implementing a massive modernization program. But they also see the U.S. as a declining world power that is creating a political/military vacuum in areas where Russian interests coincide. In short .... Russia is positioning itself for the worse. (i.e. Afghanistan, Iraq, Syria, Central Asia, Chinese border disputes, unrest in Caucasus, etc.) just to name a few.

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