Russia celebrates 90th anniversary of the Soviet Navy

Recently approved, a rearmament program until 2015 for the first time in Soviet and Russian history puts the development of the navy on an equal footing with strategic nuclear forces. The program covering the period until 2015 is expected to replace 45% of the military inventory in the army and navy. Out of 4.9 trillion rubles ($192.16 billion) allocated for military rearmament, 25% will go into building new ships. "We are already building practically as many ships as we did in Soviet times," First Deputy Prime Minister Sergei Ivanov said during a visit to Severodvinsk. "The problem now is not lack of money, but how to optimize production so that the navy can get new ships three, not five, years after laying them down."