https://en.sputniknews.africa/20240205/russian-arms-exporters-order-portfolio-hits-23-year-high-of-more-than-55bln-ceo-says-1064932437.html
Russian Arms Exporter's Order Portfolio Hits 23-Year High of More Than $55Bln, CEO Says
Russian Arms Exporter's Order Portfolio Hits 23-Year High of More Than $55Bln, CEO Says
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RIYADH (Sputnik) - In December, Rosoboronexport, the Russian state arms exporter, said that Africa's share in the enterprise's arms deliveries exceeded 30% of... 05.02.2024, Sputnik Africa
2024-02-05T08:34+0100
2024-02-05T08:34+0100
2024-02-05T08:34+0100
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The order portfolio of Russian state arms exporter Rosoboronexport has reached a 23-year high of more than $55 billion by the end of the last year, Director General Alexander Mikheev said on Monday.In 2023, Rosoboronexport cooperated with 30 countries and signed arms contracts totaling more than $12 billion, the company's head said.
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Russian Arms Exporter's Order Portfolio Hits 23-Year High of More Than $55Bln, CEO Says
RIYADH (Sputnik) - In December, Rosoboronexport, the Russian state arms exporter, said that Africa's share in the enterprise's arms deliveries exceeded 30% of the total volume. Moreover, contracts worth more than $5.2 billion were signed last year.
The order portfolio of Russian state arms exporter
Rosoboronexport has reached a 23-year high of more than $55 billion by the end of the last year, Director General Alexander Mikheev said on Monday.
"In 2023, we worked actively, held 16 exhibition campaigns in Russia and abroad, during which we demonstrated to our foreign partners more than 800 full-scale samples and full-scale models of modern Russian military equipment. As for financial results, we fully met our targets, and the order portfolio reached a record high in the 23 years of the company’s operation and amounted to more than $55 billion," Mikheev told reporters during the World Defense Show trade fair in Riyadh.
In 2023, Rosoboronexport cooperated with 30 countries and signed arms contracts totaling more than $12 billion, the company's head said.
"Most of our partners assess the unilateral sanctions of individual countries against Russia, the national defense industry and Rosoboronexport in particular as illegitimate instruments of competition, a means of the West supporting its own producers. However, the whole world sees that Russian weapons are superior to Western models on the battlefield, and the choice becomes obvious," he added.
