25/02/2015 |

Despite faltering economy, Russia will continue defense upgrade

February 25, 2015 by IPB

by Daniel Costa-Roberts

In the face of a moribund economy and growing tensions with the west, Moscow will move ahead with a planned decade-long upgrade of the Russian military, raising 2015 defense spending to 3.3 trillion rubles ($50 billion), a 30 percent nominal increase over last year. 

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