As Western sanctions have caused the Rouble to plummet to record lows, Moscow is hunting for weapons verses goods deals.
Russian Industry and Trade Minister Denis Manturov was in Thailand last week talking to the Thai Deputy Prime Minister and Defence Minister Prawit Wongsuwon where he proposed military cooperation and countertrade.
Gen Prawit suggested both sides form a joint working group to consider Thai weaponry needs and that Russia considers countertrade deals for Thai farm products for mutual benefit, the Bangkok post reported.
Gen Prawit said Russia had started to import frozen pork from Thailand last December and he hoped it would import more Thai farm products, food and natural rubber in the future.
A Russian source told Defenseworld.net that the free fall of the Rouble was making imports of goods from Europe, even those not under sanctions, impossibly expensive for Russian companies. “We dont have a choice but to turn to low cost markets such in Asia and South America for import-export, said the source.
Russia’s biggest markets are India and some countries in South East Asia. In India, it is executing several large contracts worth billions of dollars whose price was decided in hard currency much before it was slapped with sanctions. So it may not offer weapons for food deals.
However, in countries such as Thailand, Malaysia and Indonesia where it is offering its helicopters, aircraft and land systems, making countertrade offers may prove attractive for the buying country as well.
Russia has demanded a written explanation from Paris as to why a Mistral helicopter carrier not delivered to Russia according to an earlier agreement, Ria Novosti reported Tuesday. “Russia could not accept oral explanations from individual French politicians of why the warship was not delivered on time, even if that politician is the countrys president,” a high ranking official from the Russian Defense Ministrys Federal Service for Military-Technical Cooperation (FSMTC) was quoted as saying
The Russian Air Force will continue to procure 150 aircraft and master the use of brand new weapons this year. "Consistent with the 2015 state defense order, the troops will be supplied with over 150 helicopters and planes", Defense Ministry spokesman for the Air Force Col
Russia and Argentina are looking at a deal under which Moscow would lease 12 Sukhoi Su-24 Fencer aircraft to Buenos Aires in return for beef and wheat, according to the London based paper Sunday Express. As a result, the British Defence Ministry has reportedly launched a review of the air defenses of the Falkland Islands, a UK overseas territory Argentina lays claim to
Rosneft, Rostec Corporation and Finmeccanica have signed an agreement for the joint production of the medium helicopter AW189 in Russia. The JV will be based on the HeliVert plant situated in the Moscow Region and Rosneft will become a new partner of the Russian-Italian JV
India's Defense Ministry has asked South Korea and Russia to partner with its domestic firms in order to take part in its helicopter competition, despite offers of complete technology transfer. South Korea is offering its Surion light utility helicopter (LUH) and Russia its Ka-226 machine, which was offered by the Russian President Vladimir Putin during his Dec
The Fifth- Generation Fighter Aircraft (FGFA) project is expected to be top priority in talks between the Russian Defense Minister and Indian counterpart to be held on Wednesday at New Delhi. Russian Defence Minister Sergei Shoygu will arrive here tomorrow on a three-day visit to hold talks with his Indian counterpart Manohar Parrikar and review the ongoing cooperation and future prospects in the defence sector
BAE, Army Research Lab Develop Tech to Automate Heavy Weld Operations for...
BAE to Develop Cyber Tools to Secure DARPA's Electronic Data
US Army's Precision Strike Missile Completes First Flight Test
Leidos Nets $6.52B to Sustain Pentagon's Information Network
Germany To Finalise Order for 38 Eurofighter Jets, 110 E-Scan Radars
Turkish Navy to get First Indigenous Aircraft Carrier in 2020
Bechtel Bags US Navy's $1.4Bn Naval Nuclear Propulsion Components Contract
Indian Air Force to Buy 83 Tejas Jets by March 2020
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...