Russia's Weapons Export Order-book Stands at US$45 Billion

The order-book of Russian arms exports stands at US$45 billion with $15 billion new orders singed at the end of 2017 which was double that of the previous year.

Russian President Vladimir Putin was quoted as saying by TASS at a meeting of the commission on military-technical cooperation: "The export of military hardware has grown for a third year in a row to more than $15 billion."

Putin further said: "At the end of last year the amount of contracts signed nearly doubled to $16 billion, which took the overall value of orders for Russian weapons and equipment received to more than $45 billion".

He said the experience of present-day wars and conflicts proves that ignoring means to protect the state sovereignty and security of people is inadmissible. "Russia will be actively developing military-technical cooperation with all interested countries, including in most high-tech segments - on those armaments for aviation, air defense, land troops and the Navy that have demonstrated their utmost efficiency during the Syrian operation," Putin added.