Russia Targets Over 14Bln Worth of Arms Sales in 2016

Russia is planning to meet its goals on deliveries of weaponry under foreign sales contracts worth over $14 billion in 2016, the head of Russia's Federal Service for Military-Technical Cooperation said Wednesday.

SOCHI (Sputnik) — According to Fomin, Russia's current arms export orders portfolio stands at $53-56 billion in 2016.

"Our plan is to sell over $14 billion in arms, and we are hoping to fulfill it. To be more exact, we must fulfill it," Andrei Fomin told reporters ahead of the Russia-ASEAN summit in the Russian Black Sea resort of Sochi on May 19-20. 

Russia may also build facilities in Indonesia to manufacture artillery munitions:

"We are talking about the possibility of production of small- and medium-caliber artillery munitions in Indonesia," Andrei Fomin told reporters ahead of the Russia-ASEAN summit in the Russian Black Sea resort of Sochi.