Russia sold $19 billion worth of weapons in 2018, according to the CEO of Rostec, the government-owned industrial giant that includes Russia’s monopoly arms exporter in its vast portfolio.
Russia’s state arms seller Rosoboronexport was set up in 2000 by Vladimir Putin and has since sold over $50 billion worth of arms, according to Rostec CEO Sergei Chemezov. It is the sole entity responsible for the supply and export of Russian arms and military equipment abroad. Early last month, Russia signed a $5.43 billion deal to supply India with five S-400 missile systems.
“Over the past 18 years, Rosoboronexport has become one of the world’s leaders in the delivery of armaments and military hardware and has achieved record figures,” Chemezov was cited as saying by the state-run TASS news agency on Thursday.
“Today Russia confidently holds second place in the world by volume of military and technical cooperation,” Chemezov said, adding that in 2018, the country sold nearly 25 percent more arms than the year before.
Rosoboronexport reportedly signed an estimated 1,100 contracts with 40 countries in the past year.
Source: The Moscow Times
Image Courtesy:VPK
You may also like
-
China Overtakes US as India’s Largest Trading Partner in FY26
-
Missiles, Proxies and Cloud Targets: Iran’s Asymmetric War Playbook
-
Pakistan Tops Global Terrorism Index 2026 With 1,139 Deaths in 2025
-
India and Bhutan Deepen Ties with New Postal Cooperation Agreement
-
Iran and Sanātana Dharma: Ancient Civilizational Echoes Across the Indo-Iranian World
