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Russian arms exports reached $6.4 billion in 2006, but are expected to total $7.5 billion in 2007
Russian arms exports reached $6.4 billion in 2006, but are expected to total $7.5 billion in 2007, a first deputy prime minister said. Sergei Ivanov said Monday the share of Russia's main partners in military and technical exports, India and China, continues to fall. "We have diversified exports in this sector - the volume is growing but the share of two key countries is falling," Ivanov said. India and China remain leading importers of Russian armaments, accounting for some 80% of the country's total weapons exports. However, Russia has been looking to expand its presence on arms markets in Latin America and the Middle East, and currently supplies weapons to more than 60 countries. He also highlighted the tenfold increase in exports of spare parts in the past four years. Ivanov said Russia's industrial growth reached 104% in 2006 thanks to its military industry, which grew by 110%. He said Russia's aircraft industry grew by 125%, its missile industry by 114%, its weapons industry by 108.7%, its ammunition and military chemistry industry by 110.7%, and shipbuilding by 84%. Ivanov said that industrial wages grew by 21.6%, but warned against slow growth in labor productivity, calling it "disturbing."
Print Russian arms exports reached $6.4 billion in 2006, but are expected to total $7.5 billion in 2007 Bookmark Russian arms exports reached $6.4 billion in 2006, but are expected to total $7.5 billion in 2007

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