{"id":192955,"date":"2009-02-01T07:39:00","date_gmt":"2009-02-01T12:39:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/01\/russian-defense-recapitalization-threatened-by-financial-meltdown\/"},"modified":"2009-02-01T07:39:00","modified_gmt":"2009-02-01T12:39:00","slug":"russian-defense-recapitalization-threatened-by-financial-meltdown","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/01\/russian-defense-recapitalization-threatened-by-financial-meltdown\/","title":{"rendered":"Russian Defense Recapitalization Threatened by Financial Meltdown"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/img217.imageshack.us\/img217\/3655\/aw01262009481l4376999th7.jpg\" style=\"margin: 0px 10px 10px 0px; float: left; cursor: pointer;\" width=\"375\" \/>Vladimir Putin committed to major new spending on the Russian military.  He has committed to <a href=\"http:\/\/www.aviationnow.com\/publication\/awst\/loggedin\/AvnowStoryDisplay.do?fromChannel=awst&amp;pubKey=awst&amp;channel=awst&amp;issueDate=2009-01-26&amp;story=xml\/awst_xml\/2009\/01\/26\/AW_01_26_2009_p0353-113278.xml\">1 trillion rubles ($30.5 b) on new procurement, upgrades, and R&amp;D<\/a>.(<span style=\"font-style: italic;\">paid subscription required<\/span>)<\/p>\n<p>Notwithstanding this spending, the Russian defense industry is still not in great shape, as commercial credit has largely dried up:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Putin met with industry leaders recently at Tactical Missile Corp. headquarters in Korolev, a Moscow suburb. The package unveiled by Putin includes the injection of 35 billion rubles in additional capitalization and the allocation of 100 billion rubles as a state guarantee on bank loans. Along with the loan guarantee, there is a further 15 billion rubles to<span style=\"font-weight: bold;\"> compensate for high interest rates<\/span>.<\/p><\/blockquote>\n<p>(<span style=\"font-style: italic;\">emphasis mine<\/span>)<\/p>\n<p>Additionally, there is likely to be further rationalization (mergers and tighter integration) among manufacturers, as is evidenced by the <a href=\"http:\/\/40yrs.blogspot.com\/2008\/11\/mig-is-dead.html\">continuing submergence of MiG<\/a> in United Aircraft Corp. (UAC) with Sukhoi firmly in the lead.<\/p>\n<p>In terms of likely purchases, the Russian air force is looking for upgraded Su-27s (SU-35 shown) in the near term, and the Indo-Russian PAK-FA in the long term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vladimir Putin committed to major new spending on the Russian military. He has committed to 1 trillion rubles ($30.5 b) on new procurement, upgrades, and R&amp;D.(paid subscription required) Notwithstanding this spending, the Russian defense industry is still not in great shape, as commercial credit has largely dried up: Putin met with industry leaders recently at &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1008,1033],"tags":[],"class_list":["post-192955","post","type-post","status-publish","format-standard","hentry","category-defense-procurement","category-russia"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192955"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192955"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192955\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}