Russia Arms Exports to Hit $8 Billion in 2008

December 8th, 2008  

Topic: Russia Arms Exports to Hit $8 Billion in 2008

Russia Arms Exports to Hit $8 Billion in 2008

Published: 4 Dec 16:22 EST (21:22 GMT)

MOSCOW - Russian arms exports are set to soar to a record $8 billion by the end of 2008, a senior defense official said Dec. 4.
Vyacheslav Dzirkaln, deputy director of the Federal Service for Military and Technical Cooperation, told the Itar-Tass news agency that a defense deal between Moscow and Saudi Arabia last July made a significant contribution to the record exports.
Related Topics
"It's a country normally oriented toward the United States, Great Britain and France. On this occasion, Saudi Arabia has become our new partner," Dzirkaln said.
Dzirkaln said Russia also retained strong ties on defense with its traditional trade partners: India, Algeria, Turkey, Italy and Greece.
A study conducted by Itar-Tass said Russia could benefit from further growth in the international arms market, estimating that its export sales potential could eventually reach as much as $12 billion to $13 billion a year.
Russia exported more than $7 billion worth of arms in 2007, compared with $6.5 billion the previous year.

December 8th, 2008  
Russia is a rising star for sure. Hopefully, though, it won't be a red one ever again.
December 8th, 2008  
A Can of Man
Unfortunately, it is a red one.
December 8th, 2008  
thing is thats only like double the figure i last heard for israel...with 7 million people and much less industry...wierd

Similar Topics
Allegations Lead Army To Review Arms Policy
Blast, fire hit big gas pipeline in northwest Russia (Reuters)
Defense Spending Is Set For Sharp Rise
Iraq War Cost To Hit $8.4 Billion A Month
China, Russia Hit Sanctions As 'Wrong'