Our Bureau
08:22 AM, April 26, 2019
Rosboronexport Reaches Record Growth In First Quarter Of 2019

In what could be a record arms sales for Russia, the country's state-run Rosoboronexport has signed contracts worth $5.2 billion and its order book has reached $52 billion in the first four months of 2019.

"We have made deliveries worth $4.9 billion this year and received $4.6 billion worth of proceeds. We have signed contracts worth $5.2 billion and the order book totals about $51 billion," Rosoboronexport Chief Alexander Mikheyev said on Thursday.

He added that despite the sanctions and blockages, the company is able to fare well, according to TASS.

"Despite the sanctions policy and the impact on the entire system of military and technical cooperation … despite the situation that has developed around the state exporter [Rosoboronexport], we are complying with all our commitments," he stressed.

The company presented a new book at the Institute of the State and Law at the Russian Academy of Sciences on Thursday, that dealt with legal foundations of military and technical cooperation that deal with the aspects of legal regulation in this sphere.