Russian Prime Minister Vladimir Putin on the 18th system in the Russian defense industry conference, said that Russia’s defense industry this year, the financial allocation to achieve an unprecedented 33.78 billion U.S. dollars, over the next decade the proportion of Russian modern weapons and equipment should be accounted for seven to insure that.

Putin visited the city of Kolomna, Moscow Region is located in the “machine-building Design Bureau”, which is an anti-tank missiles, portable-to-air missiles and other advanced missile R & D design center. Putin said that in times of financial crisis, the Russian defense industry to support system as the subject of one of the country this year, the Russian defense industry research and development of the production system of financial funding was “unprecedented”, amounting to 970 billion rubles (about U.S. 33.78 billion U.S. dollars).

Putin said that by the financial and economic crisis, Russia’s industrial production in the context of the overall decline, defense enterprises continued to maintain growth momentum since the beginning of this year, its main production index increased by 3.8%.

Putin stressed that, by 2020, Russian military technology and equipment of modern weapons, the ratio should reach 70-80%. To this end, Russia has not only need to ensure stable functioning of the military system, but also to streamline its internal structure of all the issues of reform and accelerate the modernization of the military system, technological innovation, the establishment of the Guangzhou-Shenzhen pool of R & D trial, a substantial increase in weapons technology, product quality and reliability.

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