facebook
twitter
rss
account
search
search
 

Russia sees economic gains through defense

Feb. 23, 2013 at 12:52 PM   |   Comments

MOSCOW, Feb. 23 (UPI) -- Military modernization will help Russia's economy rely less on oil and gas in favor of a "cult of an engineer and constructor," a government official said.

Deputy Prime Minister Dmitry Rogozin, who oversees Russia's defense industry, told an audience in Moscow Saturday arms procurement will expand Russia's industrial base and lessen its dependence on energy production, Russia's RIA Novosti news agency reported.

"By 2020, the moment of the weapons program implementation, we will be living in a quite another country, Rogozin said. "In the country, which will surely get off the oil and gas needle, in the country which will have new modern plants, in the country, where the cult of an engineer and constructor will be created."

Russia earmarked 908 billion rubles ($30.7 billion) for defense spending last year. The Kremlin plans to upgrade its military equipment at a rate of 11 percent annually through the end of the decade, RIA Novosti said.

A large chunk of the allocations will be used for research-and-development programs, the report said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Ukraine claims Russian offensive on third front
2
Syrian militants seize Golan Heights border crossing
3
Major general stripped of title over handling of sexual abuse allegation
4
Serial stowaway arrested again in Phoenix
5
'Cops' crew member fatally shot by friendly fire while filming shootout
Trending News
Video
x
Feedback