Russian Arms Exports Totaled $14.5Bln in 2015

Russia’s arms exports in 2015 exceeded expectations and totaled $14.5 billion, while the current foreign orders portfolio stands at over 56 billion, President Vladimir Putin said Tuesday.

Russia delivered military equipment to 58 countries in 2015 while expanding its presence to new markets in Africa, Latin America, South Asia and the Middle East, Vladimir Putin said.

Putin said that Russia’s key partners in military-technical cooperation were countries of the Commonwealth of Independent States and the Collective Security Treaty Organization, as well as India, Iraq, Egypt, Vietnam, China and Algeria.