Russia Invests $100 Billion in Navy Modernization
President Vladimir Putin announced a full modernization of the Russian Navy's strategic nuclear forces, maintaining them at 100% modern equipment. He unveiled a $100.54 billion investment plan over the next decade to further enhance naval capabilities. The focus is on sustaining naval strength and strategic military readiness.
- Country:
- Russia
Under President Vladimir Putin's directive, the Russian Navy's strategic nuclear forces are fully equipped with modern weapons, emphasizing the importance of maintaining these advanced capabilities.
Putin has declared an ambitious investment of 8.4 trillion roubles, equivalent to $100.54 billion, over the coming decade to enhance the Russian Navy.
This substantial financial commitment highlights Russia's dedication to preserving its naval dominance and ensuring military preparedness in the future.
(With inputs from agencies.)
ALSO READ
Taiwan-U.S. Economic Talks: Reducing Tariffs and New Investments
Brazil Billionaire Eyes Venezuelan Energy Investments
CFA Society India's Milestone India Investment Conference Explores AI and Geopolitics
ZebPay Unveils Systematic Investment Plan for Crypto Enthusiasts
State Street Investment's Strategic Stake: Boosting Presence in India with Groww AMC

