MOSCOW. Aug 1 (Interfax-AVN) - Russia may profit USD4.1bn from reprocessing armament, military hardware and ammunition assigned for decommissioning in the period from 2001 to 2005, experts have said.
"According to data available to the Defense Ministry, property intended for reprocessing contains at least two million tonnes of ferrous scrap, over 300,000 tonnes of non-ferrous scrap, about 1,400 tonnes of scrap of precious metals and their alloys, including about 15 tonnes of gold, platinum and palladium, more than 600,000 tonnes of high explosives, powders and rocket fuels," an official of the Russian government administration told Interfax-Military News Agency on Thursday.
If expenses for the scrapping are at the lowest level, the state may profit USD4.1bn from it, he stressed.
Expedient processing of outdated and worn-out armament and military hardware in the framework of the annual state defense order is envisaged by the State Armament Program.
"Imperfection of legislation regulating attraction and use of extra-budget investments in accomplishment of this extremely important mission" is among the problems that impede effective reprocessing of armament and military hardware, the official said.