Russia Looks to Triple Arms Exports to Venezuela

Mi-35M Pirana(click to view full) Brazil’s Defesanet reports that Rusia’s Rosoboronexport expects to double or triple its defense industry contracts with Venezuela, which currently amount to around $4 billion for 24 SU-30MK fighters, 50 helicopters (Mi-17, Mi-35 Pirana attack, giant Mi-26 transport), 12 Tor-M1 anti-air missile sets, and 100,000 Kalashnikov rifles. Rosoboronexport official Sergei Ladiguin has reportedly referred to additional deals in the works for ships, aircraft & helicopters, missiles, and land forces equipment. Partly as a response to their neighbor Venezuela’s buildup, and partly in response to aging equipment that is falling apart, Venezuela’s larger neighbor Brazil recently moved to increase its own annual defense budget from $3.5 billion to $5 billion. Russian equipment will be strong contenders for key Brazilian contracts as well, including 4+ generation fighters, transport/attack helicopters, and naval contracts. Russia was well known for producing and exporting fast attack missile boats during the Cold War, and recent years have seen a renewed emphasis on naval exports. Rosoboronexport has reportedly been been pushing “Mirazh” patrol craft and Murena-E hovercraft in Latin American sales campaigns, and the country also makes the new Stereguschiy Class stealth corvettes. Additional Readings & Sources * El Universal via Defesanet (Oct 29/07) […]