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Tuesday, January 22, 2013

Russia sold record $15 bn worth of arms in 2012

Akula II Class (RS Nerpa - INS Chakra) |Russia sold a record $15.16 billion worth of weaponry in 2012 to countries including India, Myanmar, Vietnam, Venezuela and in the Middle East, a federal military agency has said.

"The volume of arms exports has reached $15.16 billion, according to preliminary calculations, which means that our plans have been fulfilled by 111.8 percent," said Alexander Fomin, chief of the Federal Military-Technical Cooperation Service (FSMTC).

In 2011, Russia reported arms sales of $13.2 billion, enough to maintain its position as the world's second-biggest arms exporter after the US.

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