The Kremlin announced Monday it would purchase 200 planes and helicopters as well as up to 30 ships and submarines annually to modernize its armed forces, amid high tensions between Ankara and Moscow following a Russian destroyer firing warning shots at a Turkish ship in the Aegean Sea over the weekend. The announcement comes as Russia’s economy continues to suffer from low oil prices and Western sanctions imposed in 2014 after the annexation of Crimea. …read more
Source: International Business Times
