Russia exports record $5.6 billion worth of weapons

02 Mar, 2004

Russia exported a record 5.57 billion dollars (4.48 billion euros) worth of weapons last year, with sales again dominated by the aeronautics sector, President Vladimir Putin said on Monday.
Exports were up 15 percent from the previous year's foreign sales of 4.82 billion dollars, ITAR-TASS news agency quoted Putin as saying.
The main markets were China and India, with the latter's arms purchases from Russia exceeding China's for the first time last year, according to a report published Monday by the Centre for the Study of Technologies and Strategies (ACT).
The south-east Asian countries of Indonesia, Malaysia and Vietnam were also a growing market, the report said, adding that Middle Eastern markets had not lived up to their promise.

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