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Wednesday, May 14, 2008

Russia eyes $4 bln arms contract with Saudis

Russia's state arms exporter Rosoboronexport is preparing a $4 billion arms contract with Saudi Arabia, the Gazeta daily reported on Tuesday.

A preliminary agreement on the purchase of Russian weaponry was reached in November 2007, during a meeting between then-president Vladimir Putin and Crown Prince Sultan Ibn Abdel Aziz Al Saud in the Kremlin.

Riyadh reportedly intends to buy 150 T-90S main battle tanks, worth around $500 mln, a large consignment of BMP-3 infantry fighting vehicles, over 100 Mi-35 (Hind) transport/attack and Mi-17 (Hip) multirole helicopters, and around 20 Buk M2E surface-to-air medium-range missile systems.

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