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Putin urges more Russian arms export

Xinhua, May 25, 2015 Adjust font size:

Russian President Vladimir Putin on Monday urged the country's defense industry to expand military-technical cooperation with others in order to find more clients among Moscow's allies and strategic partners.

"To win new clients, the Russian defense industry should swiftly react to the ever-changing market environment...and develop military-technical ties with all of our allies and strategic partners," Putin said at a meeting on military cooperation with foreign countries.

Russian arms are globally known for their reliability and high efficiency, he said, adding that this is why Russia faces "increasing attempts" to undermine its position on the global arms market.

Speaking of the global influence of Russia's defense industry, Putin said many Ukrainian defense companies have been on the brink of bankruptcy since Kiev severed some of its military connections with Moscow.

Russia is currently the world's second largest arms supplier only after the United States. Its arms exports exceeded 15.5 billion U.S. dollars in 2014, with military equipment sold to 62 countries. Endi