Tuesday, August 14, 2012

Russia's Rearmament Program Will Waste Trillions In Rubles

Russian servicemen in historical uniforms take part in a military parade rehearsal in Moscow's Red Square. The parade will take place on November 7 to mark the 70th anniversary of a historical parade in 1941 when Soviet soldiers marched through Red Square, towards the front lines during World War II. (Reuters)

Throwing Trillions Of Rubles Down The Drain -- Alexander Golts, Moscow Times

It should come as no surprise that the Proton rocket launch last week resulted in the loss of two telecommunications satellites. This is the latest of a dozen or so satellites that Russia has lost over the past two years. Once again, Prime Minister Dmitry Medvedev ordered an investigation into the causes of the failure and punishment for those responsible. A special meeting is supposed to be held on the issue this week.

These failures provide a good indication of what to expect from the ambitious rearmament program, which will cost 23 trillion rubles ($723 billion) over 10 years. The space industry is supposed to be the most advanced in the country's military-industrial complex. At least a quarter of all defense contracts go toward developing the space industry.

Read more
....

My Comment:
Russia's military industrial base and the bureaucracy that overseas it is overly bureaucratic, inefficient and corrupt .... and what aggravates the situation even more so .... Russia does not have the industrial base to produce the high-tech weapons that it wants.

Trillions wasted .... from where I am standing .... it is probably more.

No comments: