magnetic1974 Post time: 2011-12-31 00:44
China rescued the Sukhoi back in 90s otherwise its will die just like the MiG program. After the USS ...
Voice of Russia
Russia's revenues from arms exports rise
Russia is earning more money from exports of military hardware, and its major clients are India, Algeria, Venezuela, China and Vietnam.
In the outgoing year, Russia has sold 11 billion dollars worth of arms. Since 2000, the country’s weapons export has increased threefold. Russia’s arms export is small though compared to the U.S, which has sold 28 billion dollars worth of military equipment this year alone.
India accounts for almost half of all the Russian arms sales, while the United Arab Emirates, South Korea and a few other countries import Russia's caterpillar BMP-3 armoured vehicle. Indonesia and Venezuela buy mainly Russian tanks and warplanes. China’s arms deal with Russia stands at almost one billion dollars. Algeria and Vietnam are not lagging too far behind China. These countries will not purchase military equipment from sources other than Russia, says Alexander Khramchixin, a military expert.
“Russian military weapons are cheaper than their foreign rivals, and countries like India, Algeria and Vietnam, which have been familiar with Russian weapons since the Soviet times, will find it hard adjusting to other types of weapons. Besides, there is an existing partnership between Russia and India in arms production, thanks to which India is developing its own military industry”, Alexander Khramchixin said.
In addition, most of Russia’s arms have no equals in the world. For example, Russia’s Borei submarine project, as well as Yars and Topol missiles have no matches in the world. Russia has the potential and the technical base to be able to manufacture all types of weapons, says Igor Korotichenko, an expert in the military market, speaking in an interview with The VOR.
“We hardly ever buy foreign equipment. We have two contracts with France, for its Mistral carrier, and with Israel, for its drones. Russia's Military-Industrial complex takes care of the rest. We are capable of producing all the remaining military hardware, to be able to meet the demands of our armed forces, as well as leaving enough for export”, Igor Korotichenko said.
“The Russian government has allocated 95 million dollars for the modernization of the national defense industry and armed forces. It is hoped that the modernization will enhance Russia’s position in the global arms market in the future”.