17 Sep 2014 18:30

Portfolio of Rosoboronexport orders grows to almost $39 bln despite sanctions - General Director

PRETORIA. Sept 17 (Interfax-AVN) - Russian state-owned arms exporter, Rosoboronexport, posts an increase in orders at a time when various sanctions are imposed against Russian companies.

"Today we have a portfolio of orders that amounts to $38.7 billion. This is one of the biggest indicators that Rosoboronexport has reported in recent years," General Director of Rosoboronexport Anatoly Isaikin told reporters at a press conference at Africa Aerospace and Defense-2014 show that opened in South Africa.

He said that Rosoboronexport has been under various sanctions several times, primarily sanctions imposed by the United States.

"And during that period when we were under sanctions the volume of orders only grew," Isaikin said.