Deputy Prime Minister Sergei Ivanov, who is in charge of military industries, was quoted by Russian news agencies as saying Tuesday that weapons exports will reach $10 billion this year.
That would mark the 11th straight year of increasing sales. Last year Russia sold more than $8.5 billion worth of weapons. It has been second only to the United States in global arms sales over recent years.
While arms sales to Russia's former No. 1 customer China have diminished considerably, there has been robust demand from other nations, including Venezuela and Algeria.
Ivanov said Russia has new weapons orders from foreign customers exceeding $45 billion.
That would mark the 11th straight year of increasing sales. Last year Russia sold more than $8.5 billion worth of weapons. It has been second only to the United States in global arms sales over recent years.
While arms sales to Russia's former No. 1 customer China have diminished considerably, there has been robust demand from other nations, including Venezuela and Algeria.
Ivanov said Russia has new weapons orders from foreign customers exceeding $45 billion.
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