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Russia's arms export orders stand at $50 bln — official

June 16, 2015, 13:57 UTC+3 KUBINKA

China, India and other countries of the East are Russia's major customers, with new customers appearing on the African continent

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At the Army-2015 forum

At the Army-2015 forum

© Mikhail Pochuyev/TASS

KUBINKA /Moscow Region/, June 16. /TASS/. The book of export orders for Russian armaments and military hardware currently stands at about $50 billion, Head of Russia’s Federal Service for Military and Technical Cooperation Alexander Fomin said on Tuesday.

"The order book is substantial thanks to the efforts of the state and the defense sector and stays at the level of about $50 billion," he said on the sidelines of the Army-2015 forum being held in the Moscow Region.

"So far, our basic customers are India and China, and also countries of the East," Fomin said. "New customers are appearing on the African continent," he said.

The head of Russia’s Federal Service for Military and Technical Cooperation told TASS last year the book of export orders exceed $49 billion, adding it had increased more than threefold in the past decade.

Infographics Global Arms Market

Global Arms Market

Global Arms Market. Infographics ITAR-TASS

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