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Russia plans higher defence investment after 2024

13th May 2021 - 16:49 GMT | by Alex Tarasoff in Moscow

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Conceptual image of the PAK VTA super-heavy transport aircraft. (Source: Ilyushin)

A draft 2024-2033 State Armament Programme should be ready by September.

The Russian government is set to increase defence spending from the mid-2020s in the next State Armament Programme, although the prospects may not be as rosy as they seem.

Andrey Yelchaninov, first deputy chairman of the board of the Russian Military-Industrial Commission, said last month that Russia plans to allocate ‘as much as 21 trillion to 22 trillion roubles’ [$284 billion to $297 billion] between 2024 and 2033.

Work on the new state programme is already underway. A draft document (including analysis of the expected defence threats facing Russia until 2053) should be ready by 1 September.

Russia spent RUB19 …

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