Russia's Rosoboronexport Sold Abroad $10Bln Worth Of Weapons In 1 Year - Think Tank
Fahad Shabbir (@FahadShabbir) Published October 30, 2020 | 04:00 PM
MOSCOW (UrduPoint News / Sputnik - 30th October, 2020) Russia's state arms exporter, Rosoboronexport, sold abroad over $10 billion worth of weapons and signed contracts with a total worth of $9.17 billion between October 2019 and October 2020, the Centre for Analysis of Strategies and Technologies (CAST) said on Friday.
"Between October 2019 and October 2020, foreign trade contracts were signed for a total of $9.17 billion, and over $10 billion was received over the past year. At the same time, the volume of foreign customers' debt, which emerged due to the sanctions imposed on Rosoboronexport, decreased significantly (by over 40 percent)," Russia's defense industry think tank said in a press release.
CAST praised Rosoboronexport for maintaining its $50 billion portfolio of orders despite the sanctions pressure, restrictions on international cooperation, including those related to coronavirus quarantines, and the heightened competition in the military equipment market.
This guarantees workload for over 700 Russian defense industry enterprises for the next three years, CAST specified.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From World
-
Togo leader Gnassingbe follows father's political playbook
6 minutes ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
16 minutes ago -
Indian election resumes as heatwave hits voters
16 minutes ago -
United by grief, families of Boeing crash victims demand justice
46 minutes ago -
Microsoft expands its AI empire abroad
56 minutes ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
56 minutes ago
-
Nuggets push Lakers to brink as Embiid's 50 points lead Sixers over Knicks
1 hour ago -
Man City in title groove as Arsenal face Spurs test
1 hour ago -
Philippine settlement submerged by dam reappears due to drought
1 hour ago -
ByteDance says 'no plans' to sell TikTok after US ban law
2 hours ago -
Oil: 'Mother of corruption' in Venezuela
2 hours ago -
ECO General Secretary urges member nations to embrace cultural wealth
2 hours ago