According to a new report, now available on ASDReports, the Russian defence budget is set to increase over the next five years due to the country’s military modernisation initiative as drafted in the State Armaments Program 2011-2020.
Russia’s decade-long plan for the modernisation and expansion of its military capabilities will drive the defence spending to an overall expenditure of US$631.6 billion over the next five years, with approximately 37% being spent on the procurement of new and advanced military hardware. The country’s Ministry of Defense (MoD) intends to retire most of its obsolete and aging Soviet-era equipment and armory, and subsequently replace them with new artillery systems, tanks, armoured vehicles, helicopters, aircraft, and ships by the end of 2020. “Russia has put the upgrades of its air and space defences as well as the modernisation of its naval capabilities as top priorities, with the aim to resolve major deficiencies in the command-and-control systems, hardware, weaponry and intelligence,” says Moutushi Saha, analyst.
Russia investing in strong nuclear defence system
The country’s ambitious military equipment modernisation focuses on the procurement of new ships, submarines, airplanes and battlefield equipment for the armed forces, with special emphasis on nuclear capability development. The government is set to receive new intercontinental ballistic missiles over 2016-2020, aiming to replace every missile in the arsenal with a new one by 2020. Additionally, Russia’s navy is set to operate at least eight new nuclear submarines by the end of the decade. Having a strong nuclear defence base is anticipated to mitigate the possibility of extensive aggression against Russia.
Securing borders is top priority for Russia
Military modernisation is expected to make Russia better equipped and sufficiently capable to defend its vast territories and national resources. Russia is the largest country in the world with the longest international border, including two maritime boundaries with the US and Japan. Moutushi adds: “Defending the sovereignty of the nation against foreign hostility, securing the borders from illegal movement of people and goods along with protecting the large reserves of oil and gas will likely drive the country’s investment towards optimising its intelligence, surveillance and reconnaissance (ISR) capabilities.”
Source: ASDReports - Market Research
Date: May 7, 2015