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Russian Arms Exporter Reports $11 Billion In Sales In 2011

February 02, 2012

Russian state-run arms exporter Rosoboroneksport has reported sales of $11 billion in 2011, a rise of more than $2 billion from the previous year.

Anatoly Isaikin, general director of Rosoboroneksport, said the jump came despite billions in lost sales as a result of a UN arms embargo on Libya that targeted then-leader Muammar Qaddafi's regime.

Isaikin said Russia's main arms consumers include India, Venezuela, and Asia-Pacific states, and that air-defense technology accounted for just over half of all exports.

Syria's government is also a major purchaser of Russian-made arms.

Rosoboronexport currently provides arms to 57 countries worldwide.

Russia is the world's second-biggest arms exporter after the United States.

Compiled from agency reports

Source: http://www.rferl.org/content/russia_arms_exporter_reports_11_billion_sales_2011_awire/24471255.html

Copyright (c) 2012. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.