Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russian Arms Exports Hit $13 Billion in 2014 – Rosoboronexport

Russia has seen arms sales figures rise year-on-year for about a decade now.

Russia's arms export service sold $13.2 billion worth of military equipment and weapons abroad in 2014, exceeding planned exports by $22 million, the company's general director, Anatoly Isaikin, was quoted by news agency RIA Novosti as saying Tuesday.

Russia, the second-largest arms exporter in the world behind the U.S., has seen arms sales figures rise year-on-year for about a decade now. But Western sanctions over Moscow's role in the Ukraine crisis have cut it off from European and North American arms markets, potentially denting future exports.

However, Russia's largest arms trade partners are non-Western nations that have not sanctioned Moscow, such as China, India and Venezuela.

Isaikin also said that the company had found ways to cope with bans on Western countries supplying technology to the firm and tighter financing amid tough sanctions on top Russian banks.  

Rosoboronexport estimates that it will export another $13 billion worth of arms this year.

However, data published last week by independent analysts at IHS Aerospace & Defense Consulting, a global defense industry analytics firm, predicts that Russia will see a decline in arms exports this year.

IHS, which doesn't track sales of small arms such as rifles or pistols, calculated that Russia's arms exports last year were closer to $10 billion.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more