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Friday, December 23, 2011

Russia ranked 2nd biggest global arms exporter – arms think tank

Kilo class submarineRussia became the world’s second largest arms exporter in 2011 after the United States, the head of the Moscow-based arms think tank Centre for Analysis of World Arms Trade (CAWAT), Igor Korotchenko said on Friday.

The CAWAT ranking revealed that Russia occupied the second position for world arms sales in 2011 with $11.29 billion in revenues, which accounts for 16.1 percent of all international arms supplies, Korotchenko said. “The forecast for 2012 is $11.3 billion or 17.3 percent of global arms sales.”

The Unitied States, however, dominates world arms exports, with over 40 percent of trade globally, or $28.76 billion.

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