Russia Completes 2014 State Arms Procurement by 97% - Deputy Minister
08:54 29.05.2015(updated 09:02 29.05.2015)
Russia's 2014 state arms procurement program is 97 percent complete with the remainder to be fulfilled in the third and fourth quarters of 2015, Deputy Defense Minister Yuri Borisov said Friday.
MOSCOW (Sputnik) – The Ministry of Defense said in January that the program was 95 percent complete by the end of 2014. Its volume has grown by a multitude of 1.25 in comparison to 2013, with 1.65 times more equipment delivered to the armed forces.
'More than 97 percent of all commitments in 2014 have been confirmed, while all other activities will be completed in the third and fourth quarters,' Borisov told the Rossiya-24 television channel.
The defense minister added that out of 3,100 of last year's contracts, only 157 (or five percent) have not been completed on time.
Russia's 2016-2025 arms procurement program focuses on the development of purely defensive high-precision weaponry in the country.
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