India, Algeria, Vietnam still biggest buyers of Russian arms

Russian arms exports reached a record $14 billion in 2012, President Vladimir Putin said, and India, Algeria and Vietnam remain the biggest buyers, Kommersant reported on Tuesday. However, the leading buyers were joined by Iraq, which entered into a contract to buy 42 Pantsir-S1 air defense systems and 30 Mi-28NE combat helicopters worth a total of $4.2 billion, or about 30% of all contracts, the paper reported.

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