MOSCOW (Sputnik) — The revenues from Russia's arms exports may grow by 15-20 percent in 2016, head of Russia's Rostec corporation Sergei Chemezov said Thursday.
"We are expecting to receive bigger revenue through the establishment of servicing centers…I am hoping in the range of 15-20 percent," Chemezov said in an interview with Rossiya-24 television.
According to Chemezov, all Russian holding companies that are involved in servicing, repairs and supplies of spare parts will be receiving relevant licenses starting July 1.
