Russian arms export orders have grown, actual arms deliveries abroad have decreased, yet Russia’s plans to develop and enter new arms markets has not suffered. In fact, the country has retained its long-time “honourable” second place in the global arms exports market, with a 27% share.
President Vladimir Putin said that Russia’s current portfolio of arms export orders has grown by $1 billion, and is now valued at around $50 billion. The volume of actual deliveries, compared with 2013, remains virtually unchanged, surpassing $15 billion. The value of signed contracts has, however, decreased from $18 billion to $14 billion.
He spoke after chairing a meeting with the Military-Industrial (MI) Committee on Military-Technical cooperation with foreign states.
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