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Russia’s 2007 military budget to be $31bn

Russia’s 2007 military budget to be $31bn
# 07 February 2007 15:23 (UTC +04:00)
Russia military expenditures will be $31.0005bn, APA reports. Russian Defence Minister Sergey Ivanov said all equipment of the army will be modernized.
The Minister said military expenditures increased by 3.5% compared with 2001.
Sergey Ivanov noted that $4.384bn will be spent on weapons and military supplies in 2007. /APA/
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