The Russian government plans to spend $2.7 billion by 2015 to revitalize the country’s chemicals industry. The Industry and Trade Ministry program will produce 200 projects in the chemicals sector and 10,000 new jobs. Closely linked to the 2007–2015 State Armament Program, the funding will primarily go toward the development and production of carbon-fiber composites, mainly for military and government vehicles such as aircraft and submarines, in order to decrease the reliance on imports. The Russian government is currently not able to purchase materials from the countries that produce the best carbon, such as the US and Japan. The program aims to create approximately 300 new materials.

Source: Defense News