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Russia weapons sale $7 billion this year

Staff writer |
Russia has sold more than $7 billion worth of arms and military hardware in 2013, according to Federal Service for Military-Technical Cooperation.

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"As of today, we have sold more than $7 billion worth of military products, or nearly a half of the projected amounts. In this sense, we are on schedule," said Alexander Fomin, director of Federal Service for Military-Technical Cooperation. He previously said that military exports stood at $15.16 bln last year or 111.8% of the plan.

In March the Stockholm International Peace Research Institute ranking revealed that Russia occupied the second place among the world’s top five largest exporters of major conventional weapons, with planes and helicopters making up a significant share of Russian exports abroad. Russian arms are mainly exported to India, China, Algeria, and Vietnam.


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