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Russia's profits lost in result of arms export contracts broken after Libyan upheaval are evaluated as $2 bln, reports Interfax referring to Anatoly Isaikin, Director General of Rosoboronexport.
Combat Capability [42%],
Role and Missions,
Structure of the Navy,
in-service ships, surface ships, submarines, chronology.
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Libyan revolution cost Rosoboronexport $2 bln
06/21/2011 |
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Isaikin did not specify what exactly contracts he meant. Problems at global arms market will not affect income of Rosoboronexport too much, pointed out Isaikin. He added that annual revenue of 2011 will be $500-600 higher "than usual", cites his words RIA Novosti. In 2010 Rosoboronexport earned $8.5 bln.
The issue of Russia's losses because of civil war in Libya has been discussed since Feb 2011. In particular, Russian foreign minister Sergei Lavrov said late in Feb that Libya must pay for all executed orders despite political situation in the country and sanctions imposed on Libya by UN Security Council.
He did not voice the sum of already executed but not paid-off contracts then, however, it was reported off-the-record that Russia could lose up to $4 bln.
The civil war In Libya lasts since Feb 2011. Oppositionists who have seized Benghazi and a number of other towns demand Gaddafi's ouster. Armed conflict between National Transitional Council and Gaddafi's troops still goes on. NATO has been conducting military operation in Libya since March 19.