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. Last Updated: 07/27/2016

State Arms Trader Has Banner Year

State-owned arms dealer Rosoboronexport exported a record $5.3 billion in weapons last year, buoyed by demand for its aircraft and naval technology.

More than half of deliveries through Rosoboronexport, which Thursday became the sole exporter of Russian arms, were aircraft, company spokesman Valery Kartavtsev said Saturday. Exports totaled $5.2 billion in 2005.

Russia led the world in arms exports to developing nations in 2005, ahead of the United States, the world's largest arms exporter, according to a U.S. Congressional Research Service report released Oct. 27. Overall, Russia was the third-largest arms exporter in 2005, after the United States and France, the report said.

"Despite tough competition and sanctions from the U.S. State Department, the company managed to reach a new post-Soviet record," Kartavtsev said. "We expect to increase the volume of exports in 2007."

The U.S. State Department sanctioned Rosoboronexport twice last year, in August and December, along with several other Russian defense companies for alleged arms trading with Iran and Syria.

Russia last year delivered three Tu-22M3 bombers and assembly kits for 13 Su-30MKI fighter jets to India, Kommersant reported Saturday, without saying where it got the information. Russia also sent four Su-30 fighters and 18 helicopters to Venezuela and two MiG-29SMT fighters to Algeria. China, Russia's main arms client, got 12 Mi-171 helicopters, one submarine and one destroyer last year, the newspaper said. Iran bought 29 Tor-M1 air defense systems, Kommersant reported.