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. Last Updated: 07/27/2016

Kiev Arms Sales Soar

KIEV -- Ukraine is muscling in as a major seller in the global arms bazaar, sealing weapons deals worth more than $1 billion in 1997, the respected Den newspaper said.

The newspaper said Thursday that 170 arms contracts were signed in 1997, with Ukraine becoming the world's 20th arms exporter from its 30th position the previous year.

Paul Beaver, spokesman for the British-based defense information group Jane's, concurred. "I'd rank Ukraine 20th in terms of arms exports by revenue," he said.