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Airplanes and defence. Russia: military expense grows despite economic contraction

Moscow, Russia - Record defence budget at 81 billion dollars in 2015

Russia is increasing military expense although it is in economic contraction, as low oil prices, inflation and Western sanctions over the Kremlin's role in the Ukraine crisis hit the country. According to a report released by Moscow's Higher School of Economics “The production of ships, airplanes, spacecraft and other means of transportation" hides stagnation across most other areas of manufacturing b...

AVIONEWS - World Aeronautical Press Agency - 1163318

AVIONEWS - World Aeronautical Press Agency
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