Russian state arms exporter sales top $60 billion over 10 years

08:06, November 04, 2010      

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Russian state-owned military-industrial corporation Rosoboronexport had made sales totalling more than 60 billion U.S. dollars since it was founded 10 years ago, Prime Minister Vladimir Putin said Wednesday.

During the same period, Russian arms exports grew 2.5 times, said Putin, adding the arms export monopoly currently operated in 85 countries and had a portfolio of orders estimated at more than 30 billion dollars.

Rosoboronexport General Director Anatoly Isaikin said his company had helped reinforce the status of Russian arms producers and military hardware on the global market.

Speaking at a meeting dedicated to Rosoboronexport's 10th anniversary, Putin also urged Russia to raise the competitiveness of its weapons and push dishonest competitors trying to appropriate its weapons out of markets.

Founded on Nov. 4, 2000 by the order of then-President Putin, Rosoboronexport currently exports some 80 percent of Russia's weapons and military equipment.

Source: Xinhua


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