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    Russia to spend $600 bln on arms till 2020

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    RT News Channel

    RT News Channel

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    Russia intends to spend more than US$600 billion to re-equip its armed forces with cutting-edge weaponry. Defense minister Anatoly Serdyukov says the programme might also include buying U.S. military technology, in what would be the first such purchase since World War Two. Serdyukov is looking abroad for arms Russian companies can't provide. It follows President Medvedev's demand to technically upgrade the army by 2015.