Russia to spend big on weapons: Medvedev

By IANS/RIA Novosti,

Moscow : President Dmitry Medvedev Monday said Russia would spend unprecedented sums on new weaponry.

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“Make no doubt about it, we will continue equipping the army,” he said.

“We have significant, unprecedented, large amounts of money to that end,” he said during a meeting with army servicemen in southern Russia’s Vladikavkaz.

The Russian government has pledged 22 trillion rubles ($730 billion) for its state arms procurement program through 2020.

Medvedev also said Russia may buy some foreign-made arms “so that we have an idea of how foreign armies are equipped and that our producers can make the best arms”.