Russia arms exports to Venezuela could surpass $5bn, according to Russia’s Prime Minister Vladimir Putin.
Putin said the orders for military hardware may exceed $5bn following reports that his government would extend its $2.2bn loan to Venezuela.
Since 2005, Venezuela has bought $4bn-worth of Russian weapons, including warplanes, helicopters and Kalashnikov assault rifles.
Russia’s 13 major defence firms, including IzhMash and a Tula-based company, will receive the military equipment orders.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataVenezuela has recently received the last four of 38 Mi-17 military helicopters bought from Russia.