Stockholm (AFP) – Sales by Russian arms manufacturers continue to expand thanks to Moscow’s investments despite a downturn in global defence spending, a Stockholm-based think-tank said Monday.”The remarkable increases in Russian companies’ arms sales in both 2012 and 2013 are in large part due to uninterrupted investments in military procurement by the Russian government during the 2000s,” said Siemon Wezeman, senior researcher at the Stockholm International Peace Research Institute (SIPRI).Sales by Russian-based arms firms grew by 20 percent in 2013, according to SIPRI.However, figures for the 100 biggest arms-dealing nations excluding China declined for the third year in a row, …read more
Source: Business Insider
