Russia Arms Exports To Hit Record 8 Bln Dollars In 2008: Report

Sukhoi Su-30 MK-2 Fighter

From Defense Technology News:

December 5, 2008: Russia’s military exports will exceed $8.5 billion in 2008, a senior government official said here. Russia has doubled annual arms exports since 2000 to $7 billion last year, becoming the world’s second largest exporter of conventional arms after the US.

Military exports “are planned at $8.5 billion this year (2008), and I think we will fully meet the plan, and even exceed it,” Mikhail Dmitriyev, head of the Federal Service for Military-Technical Cooperation, told a news conference.

Russia exports weapons to about 80 countries. Among key buyers of Russian-made weaponry are China, India, Algeria, Venezuela, Iran, Malaysia and Serbia. “Our foreign customers are queuing up for new Russian-made weaponry,” Dmitriyev said. “Among our main 10-15 customers are China, India, almost all Middle East countries, Algeria, Morocco and Venezuela.”

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