Sunday, 8 July 2012

Russian Military Exports Grow As Rosoboronexport Seeks To Expand Client Base


Geopolitical shifts including regime-change in Libya, the stiffening of international sanctions against Iran and violent unrest in Syria, are among the trends compelling Russian military export agency Rosoboronexport to keep looking for new clients worldwide. This is, to a large degree, one of its primary motives for exhibiting at the Farnborough International Airshow.
But despite the aforementioned problems, Russian military equipment sold well last year with Rosoboronexport reporting deliveries valued at approximately $12 billion–representing almost a 16-percent increase on 2010. This followed a period of stagnation around 2007 to 2009, when the annual totals had dipped to between $7.5 billion and $8.5 billion.
According to Rosoboronexport CEO Anatoly Isaikin, Russian military exports have not been impacted by the continuing economic downturn because its clients are mainly in the Asia Pacific and Middle East regions, which have not been as badly impacted as Western states. “Our deliveries haven’t been affected by the crisis as we haven’t got any volume decrease,” he told AIN.

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