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Russia’s portfolio of order for defence-related products exceed $46 bln

As of the end of 2012, exports under the state defence order reached 4.4 billion U.S. dollars

MOSCOW, January 21 (Itar-Tass) — Russia’s portfolio of orders for defence-related products exceeds 46 billion U.S. dollars, director of Russia’s Federal Service for Military Technical Cooperation Alexander Fomin said on Monday.

“In the past ten years, exports in general have been on the rise, having tripled since 2003. The portfolio of orders for defence-related products has also tripled. As of now, it is more than 46 billion U.S. dollars,” he said at a video conference at the Russian government.

As of the end of 2012, exports under the state defence order reached 4.4 billion U.S. dollars. “The bulk of them, or about four billion U.S. dollars, are off-budgetary funds. They also included exports at the expense of the federal budget – more than 300 million U.S. dollars, and exports to the countries of the Collective Security Treaty Organization (CSTO),” he adde.

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