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Russian defense export contracts reaches $44 billion

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September 28, 2017 – Fort Russ News – Paul Antonopoulos

Export contracts of Russian arms trade agency Rosoboronexport amount to $44 bln for the time being, Chief Executive Officer of parent corporation Rostec Sergei Chemezov said on Wednesday according to TASS. 

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“Total supplies through Rosoboronexport reached more than twofold over the last decade, from 6 to almost 13 bln US Dollars. The portfolio of orders amounts to about $44 bln as of September 2017,” Chemezov said.

“The Middle East and North African market accounts for the lion’s share of supplies. Cooperation with Latin American nations is also underway,” the top manager said.

“Rosoboronexport, which also forms part of the corporation, accounts for more than 85% of Russian defense products export at present,” Chemezov said.

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