Russia's military budget may shrink 10 percent in 2015: Rostec


  • World
  • Monday, 23 Feb 2015

A Russian IL-76 transport aircraft drops a BMD armoured personnel carrier during a training exercise in the village of Nikinci, west from Belgrade, November 14, 2014. REUTERS/Marko Djurica

ABU DHABI (Reuters) - Russia's military budget may shrink by around 10 percent in 2015, the chief executive of state-owned defence conglomerate Rostec said on Monday.

The country's defence spending will be watched closely this year, mainly in view of events in Ukraine, with Western nations accusing Moscow of providing weapons and soldiers to a separatist revolt in the country's east. Russia denies it has troops in eastern Ukraine.

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