Russia Commits To A Massive Increase In Defense Spending

Mig-29. Photo from RIA Novosti. Pavlov

Russia's Defense Spending To Rise By 60% By 2013 - Paper -- RIA Novosti

Russian defense spending will increase by 60 percent, to more than 2 trillion rubles ($66.3 million) by 2013 from 1.264 trillion ($42 million) in 2010, a leading Russian business daily said on Friday.

The Russian government made the relevant decision during a meeting on Thursday. The largest growth is planned for 2013, when the figure will rise by 0.5 trillion rubles ($16.6 million), Vedomosti reported.

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Update #1: Russia to increase defense spending by 60 percent -- Xinhuanet
Update #2: Russia Plans 60% Increase in Defense Budget by 2013 -- CSIS

My Comment: I am not surprised by this development, but this should be a wake-up call to everyone.

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