Defense: Russia beefs up while West wanes

CCTV News

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Despite its economic problems, Russia is beefing up the military budget there. The Kremlin plans to spend around five billion dollars on a nuclear powered aircraft carrier, challenging the dominance of the U.S. Navy.
This weapons spending spree comes as western allies like the U.S. and UK cut back their armed forces. CCTV America’s business correspondent Owen Fairclough filed this report.
Follow Owen Fairclough on Twitter @CloughieDC

Defense: Russia beefs up while West wanes

Defense: Russia beefs up while West wanes

Despite its economic problems, Russia is beefing up the military budget there. The Kremlin plans to spend around five billion dollars on a nuclear powered aircraft carrier, challenging the dominance of the U.S. Navy.