MOSCOW, Russia – Russia ranked second in the world in arms sales, according to the Stockholm International Peace Research Institute (SIPRI).
According to SIPRI, ten Russian companies, included in the list of the hundred largest arms producers of 2017, accounted for 9.5% of global sales, placing Russia in second position of the largest exporters.
Since 2011, Russian companies have significantly increased arms sales, according to senior researcher of the entity, Siemon Wezeman, who pointed out that the growth occurred under Russia’s arms modernization program.
The US dominates the list with 57% of global sales, while the UK has now moved to third place with a 9% share since 2002.
The Almaz-Antei consortium, which manufactures anti-aircraft and anti-missile defense equipment, entered for the first time for the 10 largest arms manufacturers, moving from 13th place in 2016 to tenth in 2017.
The report also reported that, over the last period, nine out of ten Russian companies included in the ranking increased sales. In total, total sales of the world’s 100 largest arms and military service manufacturers increased 2.5% in 2017 (compared to 2016), and 44% in relation to 2002, reaching $398.2 billion.
The former head of the Russian Armed Forces anti-aircraft missile command Sergei Khatylev commented on the data.
“This suggests that our defense industry today is in good condition and is capable of producing equipment and weapons not only for the defense of the state, but also sold for technical-military cooperation. It is important to understand which weapons are compared. It may be rifle, tank, airplane – the value of these products is different,” said Khatylev.
“Despite the sanctions, we sell armaments, and we are in the vanguard. It is not about selling ‘outdated’ tanks and machine guns, it is about advanced weapons without analogues,” he continued.
The military industry database was created at SIPRI in 1989, containing financial information as well as data on use in worldwide companies related to military production.