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Tuesday, December 18, 2012

Russia Exports $14B in 2012 Arms Sales

Mi-171 Hip |Russia has set another record in foreign arms trade. According to the country’s president Vladimir Putin, the value of Russian weapons delivered to foreign customers in 2012 exceeded $14 billion. This is 6% more than in 2011 ($13.2 billion) and more than twice compared to the $6.5 billion reached in 2006.

Although no regional breakdown of the defense export has been officially revealed, India - the largest importer of all - is likely to remain the largest importer of Russian weapons, specifically.

Despite the fact that the expected hand-over of the aircraft carrier Vikramaditya (ex-Russian Admiral Gorshkov) was postponed to 2013, the list of Russian weaponry received by the Indian military still looks impressive and reportedly includes two Talwar-class frigates, about two dozen Su-30MKIs, several MiG-29K/UPG and up to 20 Mil Mi-17V-5 transport helicopters. Venezuela, Algeria and Vietnam are reported to be among top importers as well.

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