Russia will not enter into a new arms race, President Vladimir Putin said.
"Somebody would like to start the flywheel of the arms race turning again," Putin said at a conference devoted to defence-industrial complex affairs on Wednesday. "We shall not enter into that arms race, of course."
Putin added that a different turn of events was absolutely ruled out.
"We shall proceed from real development forecasts," he concluded.
The macroeconomic forecast should be used as a basis when defining the scope of financing for Russia’s state arms program, the president said Wednesday at a meeting on development of the program for 2015-2016.
Putin said the Economic Development Ministry has prepared two variants of the forecast — a basic one and an optimization one.
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