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Russia sells record $15.16 billion worth of weaponry in 2012
January 21, 2013 - 19:05 AMT
PanARMENIAN.Net - Russia sold a record $15.16 billion worth of
weaponry in 2012 while expanding its foreign client list, the Federal
Military-Technical Cooperation Service (FSMTC) reported on Monday,
Jan 21, according to RIA Novosti.
"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," FSMTC chief Alexander Fomin told a
government meeting on state defense contracts.
Russia reported arms sales of $13.2 billion in 2011, enough to
maintain its position as the world's second arms exporter after the
United States.
"In the past ten years, we have seen a general increase in exports,
which have tripled since 2003," Fomin said. "The portfolio of orders
for defense-related products has also tripled. Its current value
exceeds $46 billion," he added.
India is the leading purchaser of Russian arms, with Myanmar,Vietnam,
Venezuela and Middle East countries also among the Russian defense
industry's main clients.
Fomin said Russia's expanded list of its clients in 2012 included
Afghanistan, Ghana, Oman, and Tanzania.
The FSMTC also claimed the quality of exported Russian military
products has improved, though problems still remain, especially with
poor after-sales services.
"We have been issuing fewer licenses to replace or repair exported
products, which is an encouraging trend," Fomin said.
The controversy over the quality of Russia's defense-related products
has been widely-publicized.
Algeria refused delivery of a batch of MiG-29 fighters in 2007 claiming
their "inferior quality."
Russia's traditionally strong position on the Indian arms market
has been recently undermined by failures to fulfill or properly
execute several contracts, including the long-delayed delivery of
the overhauled aircraft carrier Vikramaditya to the Indian Navy.
Last year, India asked Russia to replace faulty parts on the leased
Nerpa nuclear-powered submarine which had affected its operational
readiness.
Fomin said his service was drafting new legislation that would allow
Russian arms manufacturers to open their own service centers abroad
and to import defense-related products to satisfy their own needs.
January 21, 2013 - 19:05 AMT
PanARMENIAN.Net - Russia sold a record $15.16 billion worth of
weaponry in 2012 while expanding its foreign client list, the Federal
Military-Technical Cooperation Service (FSMTC) reported on Monday,
Jan 21, according to RIA Novosti.
"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," FSMTC chief Alexander Fomin told a
government meeting on state defense contracts.
Russia reported arms sales of $13.2 billion in 2011, enough to
maintain its position as the world's second arms exporter after the
United States.
"In the past ten years, we have seen a general increase in exports,
which have tripled since 2003," Fomin said. "The portfolio of orders
for defense-related products has also tripled. Its current value
exceeds $46 billion," he added.
India is the leading purchaser of Russian arms, with Myanmar,Vietnam,
Venezuela and Middle East countries also among the Russian defense
industry's main clients.
Fomin said Russia's expanded list of its clients in 2012 included
Afghanistan, Ghana, Oman, and Tanzania.
The FSMTC also claimed the quality of exported Russian military
products has improved, though problems still remain, especially with
poor after-sales services.
"We have been issuing fewer licenses to replace or repair exported
products, which is an encouraging trend," Fomin said.
The controversy over the quality of Russia's defense-related products
has been widely-publicized.
Algeria refused delivery of a batch of MiG-29 fighters in 2007 claiming
their "inferior quality."
Russia's traditionally strong position on the Indian arms market
has been recently undermined by failures to fulfill or properly
execute several contracts, including the long-delayed delivery of
the overhauled aircraft carrier Vikramaditya to the Indian Navy.
Last year, India asked Russia to replace faulty parts on the leased
Nerpa nuclear-powered submarine which had affected its operational
readiness.
Fomin said his service was drafting new legislation that would allow
Russian arms manufacturers to open their own service centers abroad
and to import defense-related products to satisfy their own needs.