DUBAI - Russia’s military export sales have not fallen despite U.S. sanctions, the head of state conglomerate Rostec said on Monday.
Rostec, whose business includes weapons manufacturer Kalashnikov as well as Russian Helicopters and United Aircraft Corporation , is among Russian firms that have been affected by sanctions imposed on the country over the annexation of Crimea from Ukraine and other factors. Sales for 2019 are expected to be like that of 2018 as the company has already recorded over $11 billion currently, he said.Chemezov said Russia would also continue its military cooperation with Saudi Arabia and the United Arab Emirates with several projects underway despite some western countries shunning the two Gulf states because of their role in the Yemen war.
Russia always cooperates only with legitimate governments and has always advocated a diplomatic settlement of the conflict in Yemen. “At the same time, Saudi Arabia is our partner,” Chemezov said.
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