Russia’s lost 4 bln dollars through suspended arms deliveries to Libya

ZHUKOVSKY, Moscow region, August 17 (Itar-Tass) —— Russia’s losses after it stopped supplies of defence-related products to Libya have amounted to four billion dollars, CEO from Russia’s chief arms trade Rosoboronexport Anatoly Isaikin said on Wednesday.

According to Isaikin, the situation in hotbeds of tension has negatively told on Russia’s defence supplies to North Africa and the Middle East. “We stopped supplies of such products to Libya as soon as the United Nations imposed sanctions against that country,” he said. “Our losses are estimated at four billion U.S. dollars, including unrealized contracts and lost benefit.”

“We are fulfilling our liabilities to the full in respect of those countries which do not fall under the U.N. sanctions,” he stressed and added that the development in Egypt have slightly impacted on Russian deliveries, with a delay of a couple of months. “Currently, this country has refused neither of its contracts with us, and we fulfil all our liabilities,” he noted.

Dwelling on defence exports to Yemen, the Rosoboronexport CEO said the company had no big contracts in that country. “If we speak about losses in trade with Yemen, such losses are almost nil,” he added.


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