President Vladimir Putin urged heads of military equipment manufacturers to increase production and make Russia's war economy more effective.
“It is important to build an effective economy of the armed forces”Putin said Saturday at Tactical Missiles Corp. JSC, a key producer of weapons, including missiles. “We must always be one step ahead, be ahead of the enemy. Then victory will be guaranteed.”
To the meeting in Korolev, near Moscow, The Minister of Defense, Andrey Belousov, attended an economist who this month replaced Putin's former ally, Sergei Shoigu, in the role. The Minister of Finance, Antón Siluanov, was also present.
It is expected that the Russian spending on defense and national security reaches 8.7% of gross domestic product this yearcompared to 13% in the mid-1980s during Soviet times, according to the Kremlin.
With the Russian invasion of Ukraine in its third year and Kremlin forces on the offensive in the northeastern Kharkiv region, Putin appointed Belousov to ensure that increased defense spending is used “wisely and efficiently,” this mis.
