The situation arose due to the need to fulfill the higher orders of state defense. The amount of broken contracts could reach $5-10 billion over the past year.
Defense factories of the Russian Federation are disrupting contracts for the supply of weapons to foreign customers, because the weapons were sent as a priority to the war against Ukraine. This was said by the head of the Rostec corporation, Sergei Chemezov, reports The Moscow Times.
According to him, now export supplies have decreased, and “deferred demand is developing” from foreign partners.
Chemezov said that due to the need to fulfill an increased state defense order, a “waiting letter” for Russian weapons and “a huge queue” appeared. The amount of broken contracts could reach $5-10 billion over the past year.
It is noted that for 2024, “the export portfolio will reach a record figure of $60 billion.” At the same time, in May 2023, the head of Russia’s Federal Service for Military-Technical Cooperation, Dmitry Shugaev, estimated export orders at $50-55 billion.
In May last year, the Armenian authorities announced the interruption of contracts for the supply of Russian arms. The country’s Deputy Foreign Minister Mnatsakan Safariyan complained that Yerevan did not receive, in particular, weapons for which the funds had already been transferred.
In March last year, it became known that Russia was violating agreements with India on the supply of the S-400 Triumph anti-aircraft missile system. Rosoboronexport concluded a contract for five regimental sets for $5.4 billion in 2018 and promised to transfer them to the customer by the end of 2024. However, the war against Ukraine and sanctions disrupted these plans.
According to the Stockholm International Peace Research Institute, Russia’s arms exports will decrease by 53% in 2019-2023 compared to the previous five years. Russia’s share fell from second to third place in the list of the world’s largest arms suppliers, and its share of the global market fell to 11%. The first place is still occupied by the United States, whose exports grew by 17%, and its share in the global arms market reached 42%. France came in second place, increasing exports by 47% in five years.
In the past, the media wrote that Russia’s arms exports were destroyed because of the war in Ukraine.
As reported, supplies of military goods from the Russian Federation to India have stopped. Countries are trying to find a payment mechanism that won’t run afoul of US sanctions.
Source: korrespondent
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