Russia Says Defense Export Growth Is Defying Sanctions
Russia says its defense sales grow in 2014, despite economic sanctions.
Russia has hopes to export its new T-50 fighter to various countries, such as China and India.
Russia has hopes to export its new T-50 fighter to various countries, such as China and India.

Russia claims to be the world’s number-two defense equipment exporter, according to data released by President Vladimir Putin at the May 25 meeting of the country’s Commission on Military Technical Cooperation with Foreign States. According to the Russian government, the value of exports achieved by the country’s state-backed arms sales agency Rosoboronexport (Hall 2c Stand C198) in 2014 was more than $15.5 billion. Putin stated that this gives Russia 27 percent of the global market, behind the U.S. at 31 percent.