Russian defence funding at 'unprecedented' level: Putin
Russia has provided an "unprecedented" 970 billion roubles (22.6 billion euros, 33.8 billion dollars) to its defence industry this year, Prime Minister Vladimir Putin said Wednesday. State support for the sector had helped it grow by 3.8 percent since the start of the year despite the economic downturn, Putin said in comments reported by Russian news agencies. "During the recession we have allocated enough money to the military-industrial sector, which is a priority for government support. In 2009 funding reached an unprecedented level for our country: almost 970 billion roubles," Putin said. State aid had taken the form of reduced-rate...
Original Article: Forum: News/Activism
Tags: Billion Dollars, Defence Industry, economic downturn, Enough Money, Government Support, Industrial Sector, News Agencies, Prime Minister, Priority, Recession, Russia, Russian Defence, Russian News, Unprecedented Level, Vladimir Putin