Russian Defense Order to Reach About USD 33 Billion in 2012

In 2012, Russian defense companies will receive orders to the overall amount of RUR 900 bln, said Russian vice premier Dmitry Rogozin on Feb 18 addressing the session of Engineering Workers Guild.

“State Defense Order 2012 is planned at the level of 900 billion rubles”, reports Interfax citing Rogozin.

Comparing to 2010, financing of defense order has grown on 75-80%, pointed out Rogozin.

“In total, it is expected to allocate huge sum for military development till 2020. It is somewhat RUR 23 trillion rubles”, reminded Rogozin.

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Naval Today Staff , February 21, 2012; Image: padosinovest