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Russia competing with US in arms sales to Latin America
Mumbai News.Net
Monday 8th February, 2010
Russia has displaced the US as main supplier of arms to Latin American countries.
The International Institute for Strategic Studies has revealed that Russia in 2009 became the region’s main exporter of weapons, especially to Venezuela, Brazil and Peru.
Aircraft, tanks and missiles were the main purchases with Russia now also involved in military agreements with Venezuela, Peru, Brazil, Mexico and Colombia.
But two of the countries with the largest defence budgets, Colombia and Mexico, have remained faithful to US military arms.
Russian sales to the region last year totalled US$5.4 billion dollars.  Email this story to a friend
Comments on this story
Syed Suhail Khalid
02-09-10, 12:04 AM |
Russia becomes major arms supplier to Latin America
Good,now other remaining Latin American countries too should shortly buy weapons from Russia.
Russia must make Argentina,Venezuela,Brazil and Mexico the main markets for its weapons.It may conduct a few trade expositions in South America and invite the South American countries to invest in Russia and seek investment opportunities in these countries.
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