Russia’s Arms Exports Top $6.5 Bln in H1 2012

Russia exported over $6.5 billion worth of military equipment in the first half of 2012, President Vladimir Putin said on Monday.

“Exports of Russian weaponry exceeded $6.5 billion, registering a 14% increase year-on-year,” Putin said at a meeting of the Committee on Military-Industrial Cooperation.

Putin said Russian annual arms exports doubled over six years from $6 billion in 2005 to over $13 billion in 2011.

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