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Rosvooruzhenie to increase share of global arms sales

1999 arms exports set to reach £2.7 billion

Published: 11/9/1999

Aleksandr Kotelkin, newly appointed Chief Marketing Advisor to Aleksei Ogarev, Head of Rosvooruzenhie, has claimed that the Russian arms trading company expects to conclude deals worth $2-2.5 billion over the next few months. These are most likely to be with India, which is currently a major source of business. Kotelkin added that total arms exports for 1999 are set to reach $3-3.1 billion, of which Rosvooruzhenie"s share is $2.7 billion. He said that, consequently, Russia would move from fourth or fifth to third place among world arms exporters, after the US and UK. Kotelkin was formerly Director of Rosvooruzhenie from 1994-1997.

Article ID: 1062

 

 

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