Russian arms industry targets new markets

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Russia sold weapons worth $10 billion in 2014, a 9% increase over the preceding year, says IHS Jane’s Annual Defence Budgets Review. However, Rosoboronexport says that in 2014 Russian arms exports were $3 billion higher than the figure published by IHS Jane’s. Against the background of what the United States achieved during this period, even this figure loses its impressiveness. In 2014, US arms manufacturers sold weapons worth $23.7 billion, racking up a 19% growth over the previous year. In other words, even if we make an adjustment, in terms of absolute value ​​(American weapons being more expensive), the growth of US sales dynamics are almost two times higher than that of Russia’s.

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