Russia’s military exports to Middle East and North Africa hit $6 bln

by

ABU DHABI, February 21. /TASS/. Russia’s military exports to the Middle East and North Africa have reached at least $6 bln per year, the country’s Federal Service for Military-Technical Cooperation told reporters at the International Defense Exhibition (IDEX) 2021 on Sunday.

The export of Russian weapons to the Middle East and North Africa Region is quite stable, the service said.

“Over the past five years, military exports to the region have not plunged below $6 bln per year, amounting to nearly 50% of total exports. The region’s share in the Russian military products’ portfolio is also stable and hits from 40% to 50% of the total volume of orders,” Russia’s federal service stated.

According to the service, exports to any regions see upward and downward trends from time to time due to a cyclical nature of the demand for such specific products, as well as a range of other factors.

“However, over the past 15 years, cooperation with the region’s countries has not stopped. <…> The Middle East states have remained Russia’s reliable partners in terms of military-technical cooperation for many years, and our countries’ relations have great prospects,” the federal service said, noting that in recent years Russia managed to sign several major contracts with the states of this region.

You may also like

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: