Business Standard

Putin: Russia military modernisation plan to go on

Image

AP Moscow
President Vladimir Putin says Russia will continue its ambitious military modernisation programme with a particular emphasis on nuclear strategic forces.

Speaking at today's meeting with top military brass, Putin said the nation's nuclear forces are a "major factor in maintaining global balance," adding that "they effectively include a possibility of large-scale aggression against Russia."

Russia-West relations have plummeted to post-Cold War lows over the Ukrainian crisis.

Putin said the military is set to receive 50 new intercontinental ballistic missiles -- a significantly higher number than in previous years.

The huge military buildup is continuing despite Russia's economic woes triggered by a combination of Western sanctions and slumping prices of oil.
 

The rouble collapse this week stoked up fears of high inflation and a banking crisis.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 19 2014 | 10:25 PM IST

Explore News