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Russia’s food exports outpace arms sales — Putin

October 24, 14:41 UTC+3

In 2016, Russia’s exports of agriculture products and food increased almost 4.9%, according to the president

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MOSCOW, October 24. /TASS/. Russia’s exports of agriculture products and food increased almost 5% last year, outpacing arms exports, President Vladimir Putin said Tuesday.

"In 2016, exports of food and agriculture products increased 4.9% to $17.1. In 2016, arms sales amounted to $15.3 bln," he said, adding that this brings food exports higher than arms exports.

According to Putin, the farming sector is currently Russia’s biggest non-commodity exporter. In January-August 2017, food and primary produce exports grew 19.6% to $11.9 bln, he said, adding that a boost in the country’s export potential is one of the triggers of its economic growth.

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