Search This Blog

Tuesday, March 10, 2015

Cheap Oil Threatens to Shrink Record Russian Arms Sales

Su-35 Flanker-ERussian arms export deliveries reached a record $10 billion last year, but declining oil prices and Western sanctions threaten to derail the country's ongoing expansion in the arms market, according to a report on the international defense industry released Sunday.

Russia, the world's second-largest defense exporter after the United States, saw a 9 percent rise in exports last year compared to 2013, according to data collected by industry analysts IHS.

Russia's official numbers for its exports last year are slightly higher, coming in at $13 billion, continuing a decade-long upward trend.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.