Russia Ranked 2nd Biggest Global Arms Exporter

Russia became the world’s second largest arms exporter in 2011 after the
United States, the head of the Moscow-based arms think tank Centre for
Analysis of World Arms Trade (CAWAT), Igor Korotchenko said on Friday.

The CAWAT ranking revealed that Russia occupied the second position for
world arms sales in 2011 with $11.29 billion in revenues, which accounts
for 16.1 percent of all international arms supplies, Korotchenko said.
“The forecast for 2012 is $11.3 billion or 17.3 percent of global arms
sales.”

The Unitied States, however, dominates world arms exports, with over 40 percent of trade globally, or $28.76 billion.

Korotchenko also said that Russia had scored high records on arms
exports despite the fact that it had lost the Iranian market because of
the arms embargos imposed on Tehran by Washington. Moscow also supported
arms sanctions against Libya, suspending all contracts for the supply
of military hardware to the country.

The top ten biggest arms suppliers include France, Germany, Britain,
Italy, Israel, Spain, Sweden and China, according to the CAWAT ranking.

Russia exports weaponry to over 100 countries.

Its main arms customers are India, Algeria, China, Venezuela, Malaysia
and Syria. Vietnam also emerged as a key importer after it signed a deal
to buy submarines, aircraft and other military hardware from Russia
late last year.

 http://en.rian.ru/