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Russia: Putin asserts Russian lead in arms industry01:26

Russia: Putin asserts Russian lead in arms industry

Russian Federation, Moscow
April 3, 2013 at 13:22 GMT +00:00 · Published

Russia: Putin asserts Russian lead in arms industry

Russian President Vladimir Putin, addressing a session of the Commission for Military Technical Cooperation with Foreign States on Wednesday, said Russia's global arms exports reached $15.2bn (€11.9bn) in 2012, a 12% increase on the previous year.

The President stressed that these positive gains should be expanded among the panel's key players to benefit participant economies and innovate the high-tech industry.

Vladimir Putin said: "We export military hardware to 66 countries around the world, and we have contacts in military-technology cooperation with 85 countries - that is, there are still prospects for developing relations with quite a number of countries.

"We can say with certainty that Russia is among the leaders of the arms and military hardware trade, with just the US being a little ahead of us. We cover more than a quarter of the world market. Other countries we co-operate with sell much less.

"We've seen a 12% growth in Russia's arms exports to partner countries reaching $15.2bn."

Russia: Putin asserts Russian lead in arms industry01:26
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Russia: Putin asserts Russian lead in arms industry

Russian President Vladimir Putin, addressing a session of the Commission for Military Technical Cooperation with Foreign States on Wednesday, said Russia's global arms exports reached $15.2bn (€11.9bn) in 2012, a 12% increase on the previous year.

The President stressed that these positive gains should be expanded among the panel's key players to benefit participant economies and innovate the high-tech industry.

Vladimir Putin said: "We export military hardware to 66 countries around the world, and we have contacts in military-technology cooperation with 85 countries - that is, there are still prospects for developing relations with quite a number of countries.

"We can say with certainty that Russia is among the leaders of the arms and military hardware trade, with just the US being a little ahead of us. We cover more than a quarter of the world market. Other countries we co-operate with sell much less.

"We've seen a 12% growth in Russia's arms exports to partner countries reaching $15.2bn."