Russia to fully finance army despite crisis: Medvedev

MILPLEX

Photo courtesy AFP.

by Staff Writers
Moscow (AFP) Jan 28, 2009
Russia will fully finance development programmes for its military despite the economic crisis, Russian President Dmitry Medvedev pledged in a meeting with navy cadets Tuesday.

"Today, despite the difficulties facing our state, the funds that had been set aside to develop the navy and the armed forces as a whole will all be invested," Medvedev was quoted as saying by the Interfax news agency.

"Perhaps something will be done a tad slower, but the chief programmes will be financed in full," the Russian leader assured.

Last month, Kremlin officials warned that falling oil prices would mean a budget deficit for Russia in 2009 after years of surplus.

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Analysis: European defense contracts

Brussels (UPI) Jan 26, 2009
French arms exports soared by almost 15 percent in 2008, the French government announced earlier this month. France hopes to further boost its international arms exports by finally creating overseas demand for its long-criticized Rafale fighter jet, manufactured by Dassault.

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