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Tuesday, March 25, 2014

Russia's 2014 Arms Exports Surpass $2Bln

Sukhoi T-50The volume of Russia’s arms exports this year has topped the $2 billion mark, with outstanding weapons orders standing at $47 billion, a senior government official said Monday.

“As of today, Russia has supplied military products worth $2 billion to its foreign customers,” said Alexander Fomin, the head of the Federal Service for Military-Technical Cooperation.

Last year, Russia exported $15.7 billion worth of weaponry, up $2.5 billion from 2011, with plans to increase annual arms sales to $50 billion by 2020 in a race for the top spot.

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