Wednesday, August 4, 2010

Russia may lose $13 bln to ban on arms exports to Iran

Russia could lose up to $13 billion due to an extensive arms embargo imposed on Iran over its controversial nuclear program, a Russian arms trade expert said on Tuesday."This amount includes deliveries under signed contracts and potential revenues from prospective projects," said Igor Korotchenko, head of a Moscow-based think tank on the international arms trade.According to the Russian think tank, Iran has been implementing a 25-year rearmament program since 2001. The $25-bln program was mostly oriented toward arms purchases from Russia.


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