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Russia Boosts Arms Spree to $613 Billion, Seeks U.S. Technology

Russia plans to spend 19 trillion rubles ($613 billion) over the next decade to equip its armed forces with the latest weaponry, including what may be the first purchases of U.S. military technology since World War II, according to Defense Minister Anatoly Serdyukov.

The Defense, Finance and Economy Ministries are in the final stages of approving a plan to increase the 2011-2020 arms budget by 46 percent from the previous estimate of 13 trillion rubles, Serdyukov said yesterday, after returning from talks with U.S. Defense Secretary Robert Gates in Washington.