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Russian arms export agency's portfolio reaches 48 bln USD

Xinhua, June 3, 2016 Adjust font size:

The export portfolio of Rosoboronexport, the Russian state arms exporter, has reached 48 billion U.S. dollars, the CEO of State Corporation Rostec, Sergey Chemizov, said Friday.

Rosoboronexport is the sole state intermediary agency for Russian exports and imports of defense-related and dual use products, technologies and services also form part of Rostec.

"It supplied arms worth 115 billion U.S. dollars to 116 countries within these 15 years," Chemizov said in an interview with Kommersant, a local Russian newspaper.

Rosoboronexport has about 50 offices around the world and is responsible for over 85 percent of Russia's arms and military technology exports. Endi