Russia's Rosoboronexport arms sales likely rose to $13 bln in 2016 - official

by Reuters
Tuesday, 27 December 2016 07:00 GMT

MOSCOW, Dec 27 (Reuters) - Russian state arms trader Rosoboronexport's arms sales are likely to have risen to about $13 billion this year, Sergei Chemezov, the head of industrial conglomerate Rostec told reporters.

Rosoboronexport is part of Rostec, which owns companies including Kalashnikov, maker of the Ak-47 assault rifle used around the world.

A spokesman for Rostec said the company's 2015 arms sales came to $12.7 billion.

Chemezov has been subject to U.S. and EU sanctions for Moscow's role in Ukrainian crisis.

The United States has lifted some of the sanctions it imposed on Rosoboronexport, however, as it owns some helicopters made by the company.

"They have lifted the sanctions from Rosoboronexport as they need some spare parts for the helicopters," Chemezov told reporters at a briefing.

Rostec, which has stakes in some of Russia's largest industries and partnerships with foreign companies, was created in 2007 by Putin using Rosoboronexport's assets to boost the non-resources sectors of the economy. (Reporting by Gleb Stolyarov; Writing by Vladimir Soldatkin; Editing by Hugh Lawson)

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