NOVO-OGARYOVO, April 3 (RIA Novosti) – Russia’s global arms exports reached $15.2 billion in 2012, a 12 percent increase against the previous year, Russian President Vladimir Putin said Wednesday.
Last December, Putin said Russia’s overseas arms sales had exceeded $14 billion, outperforming forecasts by more than $500 million.
“Last December we spoke about the preliminary results in the sphere of military and technical cooperation, and agreed to establish the final results in 2013,” Putin said Wednesday at a session of the State Commission for Military and Technical Cooperation with Foreign States.
The president said that “growth reached 12 percent and the total value of arms exports from the Russian Federation to partner states was $15.2 billion.”
“This is one of the best indicators in this sphere, and we may say with all confidence that the Russian Federation is one of the unconditional leaders in the sphere of arms and special equipment sales,” he said, adding that only the United States is ahead of Russia in this sphere.
The United States, the world's biggest arms trader, has not yet officially announced the value of its arms exports for 2012, but the average annual figure has stood at some $30 billion since 2008.
Putin also said that Russia currently supplies arms and military equipment to 66 countries, has concluded agreements on military and technical cooperation with 85 countries and its portfolio of orders for defense-related products currently stands at $46.3 billion.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Hungry Hippos, Tiny Tamarins and Other Animal News
Infographics: First Russian Smartphone
Russia has surged ahead on the foreign policy stage, but this is not enough to remain a great power. The tough-minded policies and masterful diplomacy of Russia’s leadership have maximized the country’s position in the world, and are now the main source of its international influence and prestige. Russia’s foreign policy in the next decade depends entirely on what happens at home.