Russia to spend $35 bn on arms purchase in 2012

In the next three years, the total allocation for Russian defence procurement would reach around USD 191 billion.

Last Updated: Nov 25, 2011, 11:45 AM IST

Moscow: Russia plans to spend 1.1 trillion rubles (around USD 35 billion) on arms purchases in 2012, Deputy Prime Minister Sergei Ivanov said.

This expenditure would be up 17 percent from the previous year, Xinhua reported.

In the next three years, the total allocation for defence procurement would reach some six trillion rubles (around USD 191 billion), Ivanov said on Thursday.
Russia`s "rearmament" programme proposed in 2008 envisages an allotment of 20 trillion rubles (around USD 720 billion) until 2020.

IANS