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IZHEVSK, September 04. /ITAR-TASS/. Russian arms producer Kalashnikov plans to double its output to 300,000 units in three years, CEO Alexei Krivoruchko told the company’s corporate magazine in an interview published Thursday.
This year, Kalashnikov plans to produce 150,000 units of arms. In January-March, the company more than doubled its output on the year to 31,000 units, and it plans to increase the output to 300,000 units in three years, Krivoruchko said.
Kalashnikov’s mid-term goal is a complex technical and technological re-equipment, he added.
On Tuesday, Alexander Solovyov, acting head of the republic of Udmurtia, where the company is located, said Kalashnikov increased its production by about 39-42% since the beginning of the year and it would have had a very significant growth this year if the US government had not imposed the arms embargo.
On July 16, the US government imposed sanctions on several Russian companies, banning them from taking mid- and long-term loans in the country, and banned the defense companies, including Kalashnikov and air defense system producer Almaz-Antei, from having any contacts with the country’s firms.