Support The Moscow Times!

Army Promised $650Bln

SEVERODVINSK, Arkhangelsk Region — Prime Minister Vladimir Putin said Monday that the government had pledged 20 trillion rubles ($646 billion) through 2020 to modernize and re-arm Russia’s military.

“We are allocating very serious, significant funds for the re-armament program. I am even scared to pronounce this figure: 20 trillion rubles,” Putin told government ministers and top military officers at the SevMash naval shipyard in the northern town of Severodvinsk, on the White Sea.

Putin said the modernization program would focus on strategic nuclear forces, air-defense systems, communication, intelligence, a fifth-generation fighter plane and on the Navy, which would receive about 4.7 trillion rubles.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.