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Russia closes deal on $550 million worth of warplanes for Syria

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Experts say Russia has felt badly burned by Western-sponsored sanctions against selected Middle East regimes, which have cost Moscow some of its most lucrative customers, even as the US continues to negotiate huge arms sales to its own regional clients -- including recent deals worth $60 billion to Saudi Arabia and $3.5 billion to the United Arab Emirates.

According to the Moscow-based Center for Analysis of World Arms Trade (CAWAT), Russia lost as much as $4.5 billion in broken weapons deals with Muammar Qaddafi's Libya and another $13 billion as a result of UN Security Council-approved sanctions that forced Moscow to cancel all its major arms contracts with Iran.

Russia is thought to have up to $5 billion in potential arms exports to Syria in the pipeline, including sales of warships, submarines, modern T-90 tanks, MiG-29 fighters, and Iskander-E tactical missiles.

"We have already made many shameful concessions to the West. Under pressure we refused to fulfill contracts we had duly signed and thus found ourselves in a humiliating situation," says Viktor Baranets, a former Russian Defense Ministry spokesman, who is now a columnist with the Moscow daily Komsomolskaya Pravda.

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