Logo
  Thursday, October 22, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Russian President criticized Wednesday unfair competition on global arms markets
Russian President criticized Wednesday unfair competition on global arms markets. "What is going on with our potential contracts on the delivery of aircraft to certain countries in Southeast Asia is beyond the margins of normal, natural market competition," Putin said during a meeting of the committee on military-technical cooperation with foreign countries. "But such is today's reality." According to Putin, unfair competition practices hamper Russia's attempts to strengthen its positions on the global arms markets and to capture their new promising segments. In that respect, the president stressed "the necessity of making constant adjustments in the state policy on military-technical cooperation and its ability to adapt to changes." At the same time, Putin praised the results of military-technical cooperation in 2005, saying that the country maintained the volume of arms exports at more than $5 billion for the third year in a row. Putin called for state support of defense industry enterprises in order to increase their competitiveness on global markets. "We must determine effective instruments of financial support," he said and proposed that the government should review the crediting of defense industry enterprises under existing contracts. "I would like you to think about it, especially in relation to specific deals and contracts that have national importance," the president said. He also mentioned the possibility of state support for certain advanced high-tech projects.
Print Russian President criticized Wednesday unfair competition on global arms markets Bookmark Russian President criticized Wednesday unfair competition on global arms markets

Related News   
NovDecember 2005Jan
MoTuWeThFrSaSu
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678