Putin Says Russia’s Defense Industry Absolutely Self-Sufficient, Safe From Political Risk

[Purveyor]

NOVO-OGARYOVO, July 28 (RIA Novosti) – Russia’s defense industry is capable of producing all parts and military hardware on its own, Russian President Vladimir Putin said Monday.

“Some things are evident for all of us. First of all, we are absolutely capable of doing everything on our own. Absolutely everything,” Putin said at a meeting devoted to import substitution.

“Our task is to insure ourselves against risks of non-compliance with contracts by our foreign partners,” the president added. “We need to ensure reliable and timely supply of required components and monitor their quality closely.”

Putin said that although he saw no particular risks for the Russian defense industry, “all difficulties should benefit us, because we should launch our own production where it did not exist before.”

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http://en.ria.ru/russia/20140728/191399561/Putin-Says-Russias-Defense-Industry-Absolutely-Self-Sufficient.html

[Bragi]

1. That's a relief!

I've all my stranded Russian investments currently tied up in Crimean pork belly futures, but this gives me another welcome portfolio option.