Russia to lose USD 4bn in arms exports to Libya.

By bne IntelliNews March 4, 2011
Libya conflict to cost Russia 4bn dollars in lost arms exports, says the head of state industrial holding Russian Technologies Sergei Chemezov. The Arab world is the main export market for Russian arms after traditional partners China and India. Meanwhile, Libya had also been expected to become the first foreign buyer of Russia's new Su-35 fighter and a contract worth USD 800mn for 12-15 planes had been ready for signing, reports have said.

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