ABU DHABI — Russian weapons maker Kalashnikov Group’s sales doubled last year, helped by demand in the Middle East for its drones, missiles, rifles and military vehicles, making up for US sanctions that cost it its largest market, its chief executive said.
Kalashnikov, whose AK47 assault rifles have armed Russian forces for 70 years, embarked on a modernisation programme and targeted new markets after it was ousted from the United States due to sanctions for Russia’s role in the Ukraine conflict.
It invested 10.5 billion roubles ($182 million) over 2014 to 2017 and targeted new markets for its lines of assault …read more
Source: Jordan Times
