Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia 2nd in Global Arms Sales
March 9, 2015 15:34

Photo Credit:
Russia ranks second in the list of the world’s biggest arms suppliers in 2014, says a report by a US-headquartered intelligence company.
According to it, Russia sold $10 billion in arms to global buyers. Next year, however, is likely to see a drop in sales.
"A drop off in exports is forecast for 2015 as major programs draw to a close, a trend that could be accelerated by sanctions. Furthermore, falls in the oil price are set to have a devastating impact on some lead Russian clients who are vulnerable to low oil prices, such as Venezuela and Iran," IHS said.
"This problem is compounded as Chinese industry becomes increasingly less dependent on Russian technology," it added.
IHS is a global information company with world-class experts in the pivotal areas shaping today's business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. We employ more than 8,000 people in more than 31 countries around the world.
IHS has a diverse customer base, ranging from large entities such as governments and multinational companies to small companies and technical professionals. IHS serves 72% of the Global Fortune 1000 companies, and 77% of the Global Fortune 500, located in 180 countries. 
“Saudi Arabia surpassed India to become the world's top importer of defense equipment in 2014, according to IHS, as global defense trade rose for the sixth straight year to $64.4 billion, up from $56.8 billion,” the report said.
"Defense trade rose by a landmark 13.4 percent over the past year," Ben Moores, senior defense analyst at IHS Aerospace, Defense & Security, was quoted as saying. "This record figure has been driven by unparalleled demand from the emerging economies for military aircraft and an escalation of regional tensions in the Middle East and Asia Pacific."
Earlier, Russia-IC reported that Russia exported $13 billion worth of military equipment in 2014. The estimate was given by Sergey Chemezov, head of Rostekh, a state-owned corporation, which controls Rosoboronexport, the only agency authorized to import and export defense-related and dual use products, technologies and services, at the IDEX 2015 International Defense Exhibition to be held in Abu Dhabi (United Arab Emirates).
In 2013, Moscow sold military hardware to the tune of $15.16 billion, a $2 billion increase over 2012. The over-than-planned revenues came from new contracts with countries like Ghana, Oman, Tanzania and Afghanistan. In Afghanistan, Russia trained foreign pilots to operate Russian-made helicopters.
At IDEX, Rosoboronexport showcased more than 200 models of weapons and military equipment for all services of the armed forces, seeking to extend ties with partners in the Middle East and North Africa.

The Rostech State Corporation is a Russian Corporation, established in 2007 with the purpose of support the design, manufacture and export of high-tech industrial products of civilian and military designation. It includes 700 organizations, of which nine are currently holding companies in the defense industry and five are holdings in civilian industries. In addition, 22 organizations are directly subordinate. The Rostec portfolio includes such famous brands as AvtoVAZ, KAMAZ, Russian Helicopters, VSMPO-AVISMA, etc. Rostec is located in the territory of 60 federal subjects of the Russian Federation, and it delivers products to markets in more than 70 countries. In 2013, Rostec revenue totaled 1.04 trillion rubles. Tax payments to public coffers at all levels exceeded RUB 138 billion.  

Author: Mikhail Vesely

Tags: Russian trade     

Next Previous

You might also find interesting:

Viktor Vekselberg. An Interview to the Austrian Newspaper Acron Announces 9M Operating Results Japan Is Ready To Invest Into Non-resource Sector Of the Far East Fabio Capello Stays with Russia for Another 4 Yrs Sanctions Against Russia Extended

Comment on our site

RSS   twitter      submit

Republic of Tatarstan  Novosibirsk Regional Studies Museum  Smoking in Russia  FC Alania  North Caucasus  UFO  Moscow hotels  St. Petersburg  Dutch Village in Moscow  Moscow  Russian scientists  robotics  Russian science  Visa   Best of Russia  Exhibitions in Moscow  skiing in Russia  Russian Cinema  Russian economy  Aeroexpress  smart society  Nadezhda Udaltsova  Russian Coat of Arms  Mercedes-Benz Fashion Week Russia  Fashion  Russian international relations  Musicals in Moscow  Sexual Revolution  Olympic Train  Check Your Russian Counterparty  Landscapes  Russian business  International space station  Geek Picnic Festival  Siberia  Russian tourism  Moscow Architecture  Gogol   Satellites  Krasnodar Territory  TNK-BP  Kalashnikov machine gun  Roman Abramovich  Andrei Rublev Museum of Old Russian Culture and Art  Moscow Zoo  Russian cultural heritage  Russian laws  Baikal  mobile operators  Russia international 

Travel Blogs
Top Traveling Sites