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    October 24, 2017

    Russian arms sales up, US arms sales down -- a rundown on the international arms market, 2015 data

    October 24, 2017 - Fort Russ News -

    HispanTV.com, translated from Spanish by Tom Winter - Note: for the latest in this area, see Mexico wants to do final assembly of Russian 'copters
    Antonov AN-12 in background. Foreground: Sukhoi 34s

    US arms sales fell for the fifth consecutive year in 2015, while Russian armament firms have increased their sales.

    Russian arms sales jumped 6.3 percent, after a startling 48 percent uptick in 2014 and a 20 percent rise in 2013, according to CNN.

    The result is that Moscow currently accounts for 8.1% of global sales as Russia invests considerably in improving its military capabilities.

    According to the media, Russian President Vladimir Putin plans to spend more than 20 trillion rubles (about $700 billion) on upgrades of his country's military equipment.

    Despite the fall in sales of US companies, the US still dominates the international arms market, with a total sales of $ 209.7 billion in 2015, according to the International Peace Research Institute (SIPRI) in Sweden.

    But this figure represents a 3% drop in sales compared to 2014 -- still 56% of weapons sold globally, according to the SIPRI document.

    The fall in US sales is a consequence of the spending limits imposed by the current administration of Barack Obama, says Aude Fleurant, who is the director of SIPRI's Military Weapons and Expenditures program.

    Likewise, the document shows that arms producers in Europe and Asia are also gaining ground.

    Thus, sales in Europe also increased in 2015, particularly in sales of the French defense companies, which grew 13% compared to 2014, due to large agreements with Egypt and the Arab countries bordering the Persian Gulf, such as Qatar.

    China's arms exports have grown substantially in the last decade, as Chinese military spending has increased more than five times in real terms between 2000 and 2015. As a result, Beijing has made great efforts to develop its national arms industry.

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    Item Reviewed: Russian arms sales up, US arms sales down -- a rundown on the international arms market, 2015 data Rating: 5 Reviewed By: Tom Winter
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