Russia cuts spending by 10%, defence ring-fenced
Russia’s military budget might shrink by about 10 percent in 2015, the chief executive of state-owned defence conglomerate Rostec said yesterday. |||
Stanley Carvalho Abu Dhabi RUSSIA’S military budget might shrink by about 10 percent in 2015, the chief executive of state-owned defence conglomerate Rostec said yesterday. The country’s defence spending will be watched closely this year, mainly in view of events in Ukraine, with Western nations accusing Moscow of providing weapons and soldiers to a separatist revolt in the country’s east. Russia denies it has troops in eastern Ukraine. Last month, Finance Minister Anton Siluanov …read more
Source: Independent Online
