Friday, June 11, 2010

Russia Is On A Buying Spree For High Tech Weapons From The West

Russia plans to buy several French Mistral-class amphibious helicopter carriers, like the Tonnerre, seen here // Marine Nationale

Russia May Buy $12 Billion of Arms From NATO Members -- Bloomberg Businessweek

June 11 (Bloomberg) -- Russia may buy $12 billion of arms from European and Israeli companies, including DCNS and Iveco SpA, over the next five years as the world’s second-biggest arms exporter hunts for higher-quality weapons than domestic companies can provide, according to a Moscow research institute.

“Russia has been an exception on military procurement, because no other country in the last 15 years tried to be 100 percent autonomous,” said center Director Ruslan Pukhov. “Now we have recognized that you can’t be competitive in all areas.”

Read more ....

My Comment: With natural gas and oil sales bringing in tens of billions in dollars and euros every year, Russia has the resources and means to purchase such systems. The question that needs to be answered is .... do we want to sell to them? Considering how high unemployment and budget deficits are .... I would be shocked if we decide to not fulfill these orders.

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