Russia Eyes $15 Billion Arms Sales in 2016

06.01.2016 Russia
Russia Eyes $15 Billion Arms Sales in 2016

Sukhoi SU-35 AAMs fighter

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Russia exported $15 billion worth arms in 2015 and plans to keep this volume in 2016.

“The plan for 2015 has been completed with the production of military equipment delivered with a total of $15.2 billion and deliveries are continuing,” an official from the Russian Federal Service for Military-Technical Cooperation said.

“Next year’s main goal is to retain the second place (after the United States) in exporting weapons in the world,” he added.

In October, the Head of Russia’s state weapons exporter Rosoboronexport Anatoly Isaikin said the country managed to diversify its network.

Before 2000, India and China accounted for 80% of Russia's arms exports. Over the last 15 years, Russian arms and military equipment has attracted new customers, such as Algeria, Venezuela and Vietnam, according to the company head.

About 42% of military equipment is delivered to the Asia-Pacific region. The Middle East and North Africa account for 36%, with around 9% each is delivered to Latin America and CIS countries. Other markets account for 4% of exports, Isaikin said.

Russia is the world’s second biggest seller of arms behind the US. China is number three, moving ahead of Germany in 2015, boosting its arms exports by 143% (RT)

 

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