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Russia to increase defense spending by nearly two-thirds to $97 billion by 2016 FN.

| 2013
 
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President Vladimir Putin and Defense Minister Sergei Shoigu laid out Russia’s arms procurement roadmap for 2014 on Tuesday, December 10, 2013, including new strategic missiles, tanks and aircraft. “In 2014 more than 40 of the newest intercontinental ballistic missiles, 210 aircraft, and more than 250 armored vehicles will enter into the armed forces,” President Putin said at a meeting of the country’s top military leadership. President Vladimir Putin and Defense Minister Sergei Shoigu laid out Russia’s arms procurement roadmap for 2014 on Tuesday, December 10, 2013, including new strategic missiles, tanks and aircraft.
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