Putin: Overall export orders for Russian weapons grow to almost $50 bln

The overall portfolio of export orders for Russian armaments and military hardware has grown to practically $50 billion, Russian President Vladimir Putin said.

The overall portfolio of export orders for Russian armaments and military hardware has grown to practically $50 billion, Russian President Vladimir Putin said.

"Let me say the volume of Russian arms exports stood at $5.6 billion in the first six months of the year - a very impressive and substantial sum, while the overall portfolio of export orders has grown to nearly $50 billion," Putin said at a meeting of the Commission for Russian Military-Technological Cooperation with Foreign States on Monday.

The promotion of Russian arms exports should be carried on, he said. "It is important to provide the sustainable development of the entire system of military-technological cooperation, our current and prospective international contacts in this field and to enhance the presence of Russia on the global arms market which will definitely help domestic defense plants plan production expansion and modernization and create new quality jobs," Putin indicated.

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