Import substitution in defense complex to have positive impact on industry - Putin
SOCHI. May 14 (Interfax) - In the coming three days Russian President Vladimir Putin will hold a series of meetings dedicated to the defense procurement program.
"Six months ago we held a series of meetings dedicated to the implementation of the defense procurement plan. Having analyzed the situation, we looked at problems and agreed to get back to this issue again in six months," Putin said.
"We have agreed on the unconditional implementation of defense procurement and efficient use of funds allocated for this," the president said.
A total of 20 trillion rubles are allocated for these purposes and 3 trillion rubles for re-equipping defense industry complex companies, he said.
"New data related to the necessity of import substitution exists today," Putin said.
The president said he asked the government to analyze the situation and calculate additional necessary resources related to the issue.
"Small additional funds will be needed," Putin said.
"But the process is right. Everything the defense industry complex needs should be produced on our territory. I am certain that this will do good for the industry itself," the president said.
