George1 wrote:Russia spends 11 times less than the United States on defense and one-third of China's defense spending, Russian Defense Minister Sergei Shoigu said Wednesday.
All quoted in dollars. There has been major changes in exchange rates.
I think essence of the article is to give the indication that there is a price to performance ratio involved in Russia's defense spending/industry, which would definitely exist. The other thing that Shoigu is pointing out is the need to keep a higher budget in military terms so they don't fall behind.
As I expected:
"With this level of funding we have managed to enhance the combat capabilities of the Armed forces by 14%, and to ensure strategic parity with NATO countries," - said the Minister.