December 13, 2013 5:33 PM

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Russia to increase arms exports worth $50 bn by 2020

Russia is to increase its arms exports worth 50 billion dollars by 2020. Deputy Prime Minister Dmitry Rogozin told reporters in Moscow that Russia will continue to maintain second place on the list of top arms exporters wordlwide. He said Moscow but will also narrow the gap between second and first place, which is currently occupied by the United States.Russia became the world's second-largest arms exporter in 2011, generating 13.2 billion dollars in revenues. Last year, Russia exported 15.2 billion dollars worth of weaponry while adding Afghanistan, Ghana, Oman and Tanzania to a list of about 80 foreign customers.

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