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Tuesday, April 14, 2009

Russia Heads South, Moves into Former U.S. Markets

SA-15 Gauntlet (Tor-M1)Russia is advancing into the Latin American arms arena, staking claims in a market once dominated by the U.S. Russian analysts chalk up the progress to a better marketing strategy and political changes in the region.

"The main reason for expansion of [Russia's] military and technical cooperation with Latin America is that Russia offers its partners not only competitive weapons and military equipment, but also attractive terms to buy them," Viktor Komardin, deputy general director of state arms export monopoly Rosoboronexport, replied in written answers to questions.

Russia's Clients

Venezuela began the recent surge with multibillion-dollar contracts for Russian arms in 2005 and 2006.

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