Monday, October 10, 2005

Explosive Market

Russia wants to capitalize on the regional military build-up. Russian state arms company Rosoboroneksport is planning to take part in the international military exhibition SINPRODE, held in Buenos Aires every year.

In the words of Sergey Svenchnikov, head of the Russian delegation to SINPRODE: "These countries' requirements for modern weapons are considerable. This is because the armed forces of most of the countries of this region intend to
renew their armaments and military hardware in the very near future."

The Russian News Agency (RIA) estimates the volume of deliveries of Russian hardware and arms to Latin America to total about $300m. A relatively small figure, yet.


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