Rosoboronexport has signed 15 contracts with foreign customers of Russian military equipment at the Army 2018 event in Kubinka, Moscow region last week while vowing to move away from US dollar payments to overcome sanctions.
“The sum of the export contracts signed by Rosoboronexport exceeded 20.3 billion rubles (US$302 Mn). This relates to modern land forces’ military equipment, unmanned aerial vehicles, electronic warfare systems, close combat weapons and much more. The Company's portfolio has been replenished with firm orders from Asian and African countries, as well as from member states of the Commonwealth of Independent States,” said Alexander Mikheev, Director General of Rosoboronexport.
Referring to sanctions imposed by the United States on Russian defence entities, Mikheev said, “the sanctions have the effect of a boomerang.We are consistently moving away from the US dollar in mutual settlements in favor of national currencies, especially since Rosoboronexport has accumulated a lot of experience of successful cooperation in various foreign economic circumstances,” the head of Rosoboronexport stressed.
Several agreements on cooperation between Rosoboronexport and Russian actors in military-technical cooperation were also signed at the forum.
The documents signed at the forum seal the accords reached with foreign partners on export deliveries of final Russian military hardware and its after-sales service, repair and modernization.
Rosoboronexport conducted negotiations and consultations with delegations from 45 countries of the Asia-Pacific region, the Middle East, Africa, Latin America and Europe during the first days of the Army 2018 forum.
Rosoboronexport specialists carried out presentations and demonstrations of over 150 pieces of modern Russian weaponry and military equipment exported by the Company.
Despite ongoing anti-Russian propaganda, The company held a series of successful negotiations with delegations from a number of European countries which visited the Army forum.
Russia has shrugged off United States' sanctions against its arms manufacturers and has vowed to increase its current US$4 billion order book with India by a further estimated US$11 billion. Contracts under negotiation include the S-400 air defence system, an order for 48 Mi-17 helicopters and the joint production of KA-226T helicopters besides Project 11356 frigates, A
India will be able to purchase the Russian S-400 Air Defence System without fear of United States sanctions following a waiver granted under the US National Defence Authorization Act (NDAA). Further, India may have negotiated an attractive price for the system bringing it below US$5
Turkey has vowed to retaliate if the United States sanctions Russian S-400 missile purchase, Foreign Minister Mevlut Cavusoglu said during a diplomatic meeting with Secretary of State Mike Pompeo in Washington early this week. "If the United States imposes sanctions on us or takes such a step, Turkey will absolutely retaliate," Cavusoglu said Sunday
India might face US sanctions for its purchase of S-400 air defense system from Russia under the Countering Americas Adversaries Through Sanctions Act (CAATSA). India is likely to request the US to exempt its sanctions over Russia to clear its path to purchase S-400 air defense system from Moscow
Barred from exhibiting military equipment at International Arms Exhibitions such as Farnborough and Paris air show, Russia has lined up three home events - MAKS, ARMY and Maritime Defence Show to market air, land and naval equipment respectively this year. Star attractions this year include the Su-57 at the MAKS show which has been cleared for export and whose serial production is to begin later this year and the S-400 air defence system at the ARMY-2019 event
Russian Rosoboronexport will showcase S-400 missile defense system, fighter aircraft, helicopters, tanks and other armaments at Egypts inaugural military exhibition, EDEX 2018, being held in Cairo from 3 to 5 December. Russia will be showcasing military products that include; Yak-130 trainer aircraft, Su-35 multipurpose super-maneuverable fighter, MiG-29M/M2 multirole front-line fighter, Mi-17, Mi-26, Mi-28NE, Mi-35 and Ka-52 Alligator scout
Russian state-run Rosoboronexport, for the first time will be displaying military products that include fighter jets, helicopters, small arms at the upcoming Asian Defense, Security and Crisis Management Exhibition and Conference, ADAS 2018 in Manila Philippines. Rosoboronexport will be showcasing Su-35 and Su-30SME super-maneuverable multifunctional fighters, the Yak-130 training and combat training aircraft, as well as the Mi-35M transport/combat helicopter, Ka-226T light multi-purpose helicopter and the Mi-171Sh military transport helicopter, Pantsir-S1anti-aircraft missile/gun system and the Igla-S MANPADS at the exhibition, the company said in a statement Tuesday
Member-companies of Russias Rostec State Corporation signed agreements worth over 100 billion rubles ($1.5 billion) as part of the International Military-Technical Forum "Army-2018" held in Moscow last week
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