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Preoccupied with records, US underestimates Russia's arms sales

Preoccupied with records, US underestimates Russia's arms sales. 47845.jpeg

Last year, the USA sold arms in the amount of $66.3 billion, which became an absolute record. These data were presented in the report from the Congressional Research Service, Finmarket said.

The share of U.S. weapons on the global market totaling 85.3 billion dollars made up more than 75 percent. A year earlier, the US arms sales made up $21.4 billion. Russia took the second place on the list. However, the report said, the volume of Russian arms sales in 2011 totaled only $4.8 billion, Rosbalt reports.

As for the Russian arms exports, Moscow's sales volumes exceed the data from the Congressional Research Service several times, said Market Leader. In early July, Vladimir Putin said that the exports of the Russian arms had grown by 14% in the first half of 2012 as compared to the first half of 2011 - up to $6.5 billion. Therefore, it appears that only in the first half of 2011, Russia shipped more weapons abroad than was indicated in the study of the CRS for the whole year.

According to Mikhail Dmitriev, the former head of the Federal Service for Military and Technical Cooperation, Russia's arms exports in 2011 were evaluated at $13.2 billion. In 2012, it is expected to have a slight increase to $13.5 billion.

According to Anatoly Isaikin, the head of Rosoboronexport, the order portfolio for the delivery of Russian weapons abroad is maintained on the average level of $33-35 billion.

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