Tuesday 11 July 2017

The portfolio of Russian military industry increases

Rosoboronexport has informed that the portfolio of Russian military industry increased in the first 6 months of 2017 from 42 to 45 billion $. The main successes of previous years have been the sale of Su-35s, Su-32s (to Algeria) and naval contracts with India. According to Rosoboronexport sources there is an increased interest in Russian equipment following it's use in combat.

The figure is noticeable if we take into account that countries like China, Turkey and South Korea. Russia has also gained new markets like UAE and Kuwait. The collapse of relations with Ukraine have not really affected the fulfillment of contracts, and Russian companies have been replacing Ukrainian suppliers. In the cases where it was not possible, agreements with other countries were reached.

References:

- http://roe.ru/press-centr

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