Russia Signs 500 Million Dollar Arms Deal with UAE

Published May 25th, 2000 - 02:00 GMT

Russia announced Wednesday a new arms contract worth more than 500 million dollars (553 million euros), to supply an anti-aircraft defense system to the United Arab Emirates, the Interfax news agency reported. 

One of Russia's most lucrative deals of the past year was signed and handed over to the UAE military attaché by Deputy Prime Minister in charge of arms sales Ilia Klebanov, his spokeswoman said. 

The contract is to provide the Emirates with the Pantsir-S1 system, manufactured by the Tula-based Pribostroyenie company. 

In March, a Yemeni military delegation came to Moscow seeking Russian SU-27 fighter jets, modernized versions of the T-72 tank, multiple rocket-launchers and an anti-aircraft defense system. 

Earlier on Wednesday, Klebanov said Russia had already exported arms worth 1.3 billion dollars this year which should total 4.5 billion dollars by the year's end, a record since the fall of the Soviet Union in 1991. 

Russia aims to become world's second biggest arms exporter behind the United States with sales of up to six billion dollars within a few years, he said. 

Last year, arms exports totaled 3.4 billion dollars. 

Russia's main arms customers are India and China -- MOSCOW (AFP) 

 

© 2000 Al Bawaba (www.albawaba.com)

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