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Russia Arms Sales: Putin Touts Record $14 Billion In Weapons Exports In 2012

Posted by Ram Kumar Shrestha on December 18, 2012

The Horse Whisperer In this Sept. 2010, photo released on Saturday, Oct. 30, 2010, Russian Prime Minister Vladimir Putin pats a horse during his trip in Ubsunur Hollow in the Siberian Tyva region (also referred to as Tuva), on the border with Mongolia, Russia. (AP Photo/RIA Novosti, Alexei Druzhinin, Pool)

The Horse Whisperer
In this Sept. 2010, photo released on Saturday, Oct. 30, 2010, Russian Prime Minister Vladimir Putin pats a horse during his trip in Ubsunur Hollow in the Siberian Tyva region (also referred to as Tuva), on the border with Mongolia, Russia. (AP Photo/RIA Novosti, Alexei Druzhinin, Pool)

MOSCOW, Dec 17 (Reuters) –

Russian arms exports reached a record $14 billion this year, President Vladimir Putin said on Monday, extending a run of record-breaking sales in recent years that have included deliveries to Syria despite the civil war raging there.

The world no. 2 arms exporter has cultivated new weapons clients in Southeast Asia and Africa, despite criticism that it is failing to deliver the technological benefits of Western suppliers or the low costs of emerging weapons exporter China.

“Let’s talk about our results – they are positive. We are reaching a record level of weapons exports. Their total volume was above $14 billion,” Putin said in a televised meeting with officials.

He said Russia had signed over $15 billion in new export contracts this year alone. He did not spell out when deliveries on those deals were expected.
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