Russia could export military equipment and weapons for more than $50 billion annually by 2020 161213

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Defence & Security News - Russia
 
 
Monday, December 16, 2013 11:22 AM
 
Russia could export military equipment and weapons for more than $50 billion annually by 2020.
By 2020, Russia will be able to reach the level of $50 billion annually in arms exports, Deputy Prime Minister Dmitry Rogozin said.Russia could quadruple its annual arms sales to $50 billion by 2020 in a race for the top spot on the global arms exporters list.
     
By 2020, Russia will be able to reach the level of $50 billion annually in arms exports, Deputy Prime Minister Dmitry Rogozin said.Russia could quadruple its annual arms sales to $50 billion by 2020 in a race for the top spot on the global arms exporters list.
The "ROSOBORONEXPORT" Federal State Unitary Enterprise is the major Russian specialised agency responsible for arms export.
     

“Not counting inflation, I think we could reach $50 billion for export of military equipment and weapons annually by 2020,” Deputy Prime Minister Dmitry Rogozin told reporters in Moscow. “It is four times the current amount.”

Rogozin said there was no doubt that Russia would not only maintain second place on the list of top arms exporters but would also narrow the gap between second and first place, which is currently occupied by the United States.

The US sold $69.1 billion worth of weaponry to foreign customers last year, according to the US Department of Defense.
Russia became the world’s second-largest arms exporter in 2011, generating $13.2 billion in revenues.

Last year, Russia exported $15.2 billion worth of weaponry while adding Afghanistan, Ghana, Oman and Tanzania to a list of about 80 foreign customers.

Meanwhile, a joint project between Russia and NATO on safe disposal of outdated ammunition in the Kaliningrad enclave will require 50 million euros for its implementation for the period of five years, NATO Director of Information Office in Moscow Robert Pszczel said.

The agreement between Russia and NATO on the joint destruction of ammunition was reached in December in Brussels.