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Russia's Civilian Exports Could Surpass Arms Exports Soon - Putin

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Vladimir Putin said that Russia's exports of civilian products could soon exceed that of the military industry. 10.11.2016, Sputnik International

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Russia's Civilian Exports Could Surpass Arms Exports Soon - Putin

11:50 GMT 10.11.2016 (Updated: 12:01 GMT 10.11.2016)

Russian President Vladimir Putin - Sputnik International

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Vladimir Putin said that Russia's exports of civilian products could soon exceed that of the military industry.

S-300VM Antei-2500 air defense system. (File) - Sputnik International

Russia

Russia to Keep Arms Exports at $15Bln Annually for Next Three Years

19 October 2016, 13:54 GMT

MOSCOW (Sputnik) – Russia's exports of civilian products could soon exceed that of the military industry, President Vladimir Putin said Thursday.

"According to some expert estimates, the export of IT-industry in 2015 amounted to $6.7 billion, while arms exports in 2015 was $14.5 billion. We will soon catch up with arms exports in civilian areas," Putin said in an address commemorating the 175th anniversary of Sberbank.