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Friday, February 03, 2012

Russian Arms Exporter Reports $11 Billion In Sales In 2011

KuznetsovRussian state-run arms exporter Rosoboroneksport has reported sales of $11 billion in 2011, a rise of more than $2 billion from the previous year.

Anatoly Isaikin, general director of Rosoboroneksport, said the jump came despite billions in lost sales as a result of a UN arms embargo on Libya that targeted then-leader Muammar Qaddafi's regime.

Isaikin said Russia's main arms consumers include India, Venezuela, and Asia-Pacific states, and that air-defense technology accounted for just over half of all exports.

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