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Despite sanctions Russia's weapons export grows in 2017

IANS  |  Moscow 

Russia's weapons export increased in 2017 in spite of sanctions, has told

Weapons export totalled $13.4 billion in 2017 compared to $13.1 billion in 2016, said while presenting a report on the performance of his company to Putin, said the presidential website.

State-owned Rostec, established in late 2007, is Russia's largest weapons exporter. The company and its are both under US sanctions, reported.

Western sanctions have complicated sales of Russian arms, but is ready to work under the challenging conditions and export more military equipment to other countries than planned, news agency quoted Vladimir Kozhin, a presidential aide, as saying in March.

carries out cooperation with some 100 countries in military and technical sectors, Kozhin added.

The latest set of sanctions affecting 38 Russian individuals and entities, including seven business leaders and 17 senior officials, for their alleged "malign activity" around the world, was adopted by in April.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 11:30 IST