Russia; Rostec reports $13B. defense exports in 2020

Sergei Chemezov, CEO of Rostec State Corporation, has said that the company has delivered $24.3 billion worth of goods last year of which $13 billion were military equipment.

Rostec Сorporation (@Rostec_Russia) | Twitter“Despite the difficult period (due to COVID-19), growth took place. Maybe just not on such a large scale as we would like. The revenue has increased by about 3% or 1.800 trillion ($24.3 billion). In the coming months we will complete final calculations,” Chemezov said Friday.

“The volume of deliveries of Russian military products abroad in 2020 amounted to about $13 billion. It is approximately the same as last year,” the official added.  Chemezov added that the volume of civilian products delivered last year was about 33%. “We want to increase the figure to 50% by 2025,” he stated.

Russia; Rostec reports $13B. defense exports in 2020

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top