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Russia arms exports to hit record 8 bln dollars in 2008: report

File image.
by Staff Writers
 Moscow (AFP) Dec 4, 2008
 Russian arms exports are set to soar to a record eight billion dollars (six billion euros) by the end of 2008, a senior defence official said Thursday.

Vyacheslav Dzirkaln, deputy director of the Federal Service for Military and Technical Cooperation, told the Itar-Tass news agency that a defence deal between Moscow and Saudi Arabia last July made a significant contribution to the record exports.

"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 defence 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 12-13 billion dollars a year.

Russia exported more than seven billion dollars worth of arms in 2007, compared to 6.5 billion dollars the previous year.

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MILPLEX
China Set To Buy Up Big Before The Cash Runs Out
 Hong Kong (UPI) Dec 2, 2008
Ukraine and China have been engaged in negotiations on the joint design of a large military transport aircraft, according to sources in Ukraine's Antonov Aircraft Co. The agreement was expected to be signed this month, with the aircraft project to begin soon afterward.





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