Thursday, April 17, 2008

Russia prepares to sell weapons worth $2.5 billion to Libya

(Jane's) Russia has prepared arms contracts for defence exports to Libya, which may exceed USD2.5 billion, according to a report from Russian military news agency Interfax-AVN on 14 April.

Citing an industry source, Interfax-AVN said that "a set of contracts for the export of Russian aircraft, anti-aircraft missile systems, naval and army weaponry to Libya may be signed in the near future. All the technical and financial formalities have been co-ordinated. The total cost of the contracts may exceed USD2.5 billion."

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