Article Posted on : - Oct 12, 2010

Russia will procure submarines, corvettes and frigates for the Navy’s Black Sea Fleet.

MOSCOW (BNS): Russia plans to increase its defence spending by more than double in 2013 to procure a large number of weapons and equipment for its tri-forces.

Detailing out its defence spending for the first time in several years, state Duma Defence Committee chief Viktor Zavarzin said Russia will spend a total 487 billion rubles ($16.3 bln) in 2010, 574 bln ($19.2 bln) in 2011, 726 bln ($24.3 bln) in 2012, and 1.16 trillion ($38.8 bln) in 2013.

However, the share of R&D will come down from 22 percent in 2010 to 16 percent in 2013, he said.

The defence spending will be primarily made to procure RS-24 intercontinental ballistic missiles and Bulava submarine-launched ballistic missiles, Su-34 Fullback fighter-bombers, Su-35 Flanker-E long-range fighter aircraft, submarines, corvettes and frigates for the Navy’s Black Sea Fleet, and battlefield command-and-control systems for the Ground Forces, RIA Novosti reported.

A part of the spending will also be used to modernise the existing inventory of weapons in the defence forces' arsenal. The spending will be almost equally spread throughout the four year period, from 2010 to 2013, the report said.