President Vladimir Putin may agree to resume Russian missile sales to Iran this week when he meets his counterpart Hassan Rohani for the first time, after heading off a U.S. attack against their common ally Syria.
Russia is unlikely to receive any compensation if Iraq has scrapped a $4.2 billion contract to buy weapons, Ruslan Pukhov, head of the Center for Analysis of Strategies and Technologies in Moscow, said today.
Delivery of long-range anti-aircraft missiles to Syrian President Bashar al-Assad’s forces “is a stabilizing factor,” Russian Deputy Foreign Minister Sergei Ryabkov said, even as Israel denounced the decision.
Russia may buy $12 billion of arms from European and Israeli companies, including DCNS and Iveco SpA, over the next five years as the world’s second-biggest arms exporter hunts for higher-quality weapons than domestic companies can provide, according to a Moscow research institute.
President Vladimir Putin fired Anatoly Serdyukov as defense minister after a probe into an alleged $95 million fraud at the ministry, the most senior official to be ousted over corruption by the Russian leader.