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With Russia $650 billion rearmament plan, the bear sharpens its teeth RIA Novosti, PUBLISHED March 02, 2011 By Fred Weir The graying bear is getting a make-over. Russia's military is launching its biggest rearmament effort since Soviet times, including a $650 billion program to procure 1,000 new helicopters, 600 combat planes, 100 warships, and 8 nuclear-powered ballistic missile submarines. Analysts say Russia, while already the world's fifth-largest military spender, needs strong conventional forces to reduce its overreliance on its aging Soviet-era nuclear missile deterrent. Read more on http://www.csmonitor.com/ Topics: Russia Other news: Russia ready to finance Egypt first nuclear plant Russia confirmed its participation in a tender to build Egypt's first nuclear power plant and said it was willing to help finance the project. ARMZ acquires Australian uranium producer in $1.2 bln deal ARMZ will pay eight Australian dollars per share, which represents a 15.5 percent premium on the average market price for 20 trading days. Russia to start building Turkish NPP in 2013 Russia will start building Turkey's first NPP estimated at $20 billion in 2013, Russian ambassador to Ankara Vladimir Ivanovsky said. |
Hero of the day 
Obama nuclear summit: A minor success Further proof of this fact was provided by Obama Nuclear Security Summit held in Washington on April 12-13. However, this goal is unlikely to be achieved in four years. INTERVIEW
Christophe Behar OPINION
Vladimir Rychin 
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