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    Share of Modern Weaponry in Russian Military to Reach 52% in 2016

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    The share of advanced weaponry in the Russian armed forces will reach 52.4 percent on average in 2016, Deputy Defense Minister Yuri Borisov said Monday.

    MOSCOW (Sputnik) — Speaking in an interview with Rossiya-24 television, Borisov stressed that during the first five-year stage of Russia's ambitious rearmament program, the Russian defense industry emphasized the delivery of high-precision weaponry to the military.

    "The deliveries of such armaments as the Kalibr sea-based cruise missiles and the X-101 air-based cruise missiles have increased many-fold compared to previous periods," Borisov said.

    The start of a new stage of Russia's ambitious rearmament program has been postponed from 2016 to 2017 due to unfavorable economic conditions in the country, the official said.

    "In line with a decision by the Supreme Commander of the Russian Armed Forces [President Vladimir Putin], the start of a new rearmament program has been delayed until 2017."

    "The reason for this decision is a difficult financial and economic situation in Russia taking place in 2014-2015," Borisov added.

    Russia is planning to modernize up to 70 percent of military hardware by 2020.

    Total program costs are estimated to reach about 20 trillion rubles ($289 billion at the current exchange rate).

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    Tags:
    rearmament, weapons, X-101, SSN-30A Kalibr, Russian Armed Forces, Russian Defense Ministry, Yuri Borisov, Russia
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