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Russia Sets Weapons Export Record


Russian Sukhoi jets, one of the country's most popular defense exports

Russian Sukhoi jets, one of the country's most popular defense exports

An official responsible for Russia's foreign arms sales says the country set a weapons export record in 2011 -- despite competition from China and the loss of some Arab clients.

Mikhail Dmitriyev, head of the Federal Service for Military-Technical cooperation, said Russia sold $13.2 billion in arms to foreign clients last year, with India, Algeria, and Vietnam accounting for half of all exports.

State-run arms exporter Rosoboronexport, which accounts for some 80 percent of Russia's overseas arms sales, said earlier this month that it lost billions in sales because of a United Nations arms embargo against Libya under then-leader Muammar Qaddafi.

Violence-torn Syria is one of Russia's biggest clients, with current contracts worth eventual revenues of more than $5 billion.

Russia is the world's second-biggest arms exporter after the United States.

Compiled from agency reports

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