Support The Moscow Times!

Arms Exports to Top $9Bln in 2010

Orders for Russian arms exports will hit a new post-Soviet record this year when they exceed $9 billion, a senior military official said Tuesday.

"Judging how the first half of the year has gone, the plan [to reach a new record] will be fulfilled," Alexander Fomin, deputy head of the Federal Service for Military and Technical Cooperation, said at an airshow in Farnborough, England, Interfax reported.

Russian arms exports totaled $8.5 billion last year, and analysts have said the industry may have reached its limit.

Projections for 2010 have included the sale of some 40 fighters of the Su-27-30 Flanker family, Moscow-based military think tank CAST said this year.

Final deliveries are expected to be made on the Indian deal for 16 carrier-based MiG-29K fighters. Russia will also start delivering the contracted 80 Mi-17V-5 helicopters to India.

Venezuela, Washington's main foe in Latin America and Russia's newfound friend, received a $2.2 billion loan from Moscow in 2009 to be spent on weapons. The only known contract is for 92 upgraded T-72M1M main battle tanks.

Russia's sole authorized arms exporter, Rosoboronexport, accounted for $7.436 billion of Russia's 2009 defense exports, up from $6.725 billion in 2008, CAST has said.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.