Russia Targets Over 14Bln Worth of Arms Sales in 2016
18:27 18.05.2016(updated 19:53 18.05.2016)
Russia is planning to meet its goals on deliveries of weaponry under foreign sales contracts worth over $14 billion in 2016, the head of Russia's Federal Service for Military-Technical Cooperation said Wednesday.
SOCHI (Sputnik) – According to Fomin, Russia's current arms export orders portfolio stands at $53-56 billion in 2016.
"Our plan is to sell over $14 billion in arms, and we are hoping to fulfill it. To be more exact, we must fulfill it," Andrei Fomin told reporters ahead of the Russia-ASEAN summit in the Russian Black Sea resort of Sochi on May 19-20.
Russia may also build facilities in Indonesia to manufacture artillery munitions:
"We are talking about the possibility of production of small- and medium-caliber artillery munitions in Indonesia," Andrei Fomin told reporters ahead of the Russia-ASEAN summit in the Russian Black Sea resort of Sochi.
© Sputnik
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