Arms trade

Russian arms exporter's order portfolio stands at $48 billion — official

The order portfolio of Russia’s arms exporting company Rosoboronexport has reached $48 billion, Director General of the State Corporation Rostec Sergey Chemezov said in an interview published by the Kommersant daily on Friday.

"Until recently, our order portfolio was $45 billion, and now has increased to $48 billion. The volume of supplies through Rosoboronexport today exceeds $13 billion annually, and together with other companies - exceeds $15 billion," said the Rostec head.

According to him, the major buyers of Russian weapons - China, Algeria, Vietnam and Egypt - will have the sufficient financial capacity to maintain the weapons purchase dynamics in the coming years. In particular, Chemezov said that China, Egypt and Algeria are very interested in the Buk-M2E and Antey-2500 anti-aircraft missile systems, as well as in the S-400 Triumph missile systems.