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Industry & Trends | Russia

Russian Arms Exports Rose to $5.78B in 2004

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Russia's arms industry has set new records for deliveries of arms and military equipment export in the period ending in 2004. As head of the Federal service for military - technical cooperation Michael Dmitriev has declared, the value of deliveries reached USD $5.78 billion, up $380 million from the previous year's record high of $5.4 billion. It is noteworthy that these record earnings are part of a five-year pattern of successively greater results since 2000. This five-year increase comes after a crisis in arms export during the period 1997-1999, when revenues fell below previous years.....

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