Rosoboronexport’s Total Export Portfolio Reaches $48 Billion

Kommersant Sputnik Wikipedia07.06.2016 Russia
Rosoboronexport’s Total Export Portfolio Reaches $48 Billion

Rosoboronexport’s Total Export Portfolio Reaches $48 Billion

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The export portfolio of Russian state arms exporter Rosoboronexport has reached $48 billion, Head of Russia’s state technologies corporation Rostec Sergey Chemezov said.

According to Chemezov, Rosoboronexport gets no more than 4% of the total transaction amount. Depending on how new the technology is, the percentage drops even lower, sometimes to just over 1%.

“Rosoboronexport has about 50 offices around the world, not a single company in Russia could or can cover such a number of countries. In 15 years we supplied arms worth $115 billion to 116 countries. Not long ago, our export order portfolio was $45 billion, now it is already $48 billion,” Chemezov said in an interview with the Russian Kommersant newspaper.

Rosoboronexport is responsible for over 85% of Russian arms and military technology export.

JSC Rosoboronexport is the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services. The corporation was set up by a Decree of the President of Russia and is charged with implementation of the policy of the State in the area of military-technical cooperation between Russia and foreign countries.

The official status of Rosoboronexport guarantees the support of the Russian Government in all export operations. The Rosoboronexport State Corporation is exclusively entitled to supply the international market the whole range of Russian armaments officially allowed for export.

Rosoboronexport is ranked among the leading operators in the international arms market. The status of a state intermediary agency provides the corporation with unique opportunities in expanding and strengthening long-term mutually beneficial cooperation with foreign partners.

Rosoboronexport presently cooperates with Selex ES of Italy, Navantia of Spain, Thales Optronics of France, and others.

 

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