May 18, 2016 / 3:03 PM / 2 years ago

Russia hopes to sell arms worth $14 billion in 2016

SOCHI, Russia (Reuters) - Russia’s arms export agency hopes to meet its arms export target worth $14 billion set for this year, agency head Alexander Fomin said on Wednesday.

Russia’s total portfolio of arms orders currently stands at over $50 billion, he added.

Reporting by Denis Dyomkin; Writing by Maria Tsvetkova; Editing by Dmitry Solovyov

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