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Russian Arms Exporters Seek to Expand Presence in Asia

© Sputnik / Pavel Lisitsyn / Go to the mediabankThe 10th Russia Arms Expo international exhibition's opening
The 10th Russia Arms Expo international exhibition's opening - Sputnik International
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The Russian defense industry has been working on increasing its arms export to Asia and Oceania.

After the US and EU imposed sanctions against Russia, Moscow has been making an effort to strengthen its presence in Asia. According to a report released earlier this year by the Stockholm International Peace Research Institute (SIPRI), more than 60 percent of Russian arms exports go to Asia and Oceania in particularly to India and China.

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Russia will try to increase its market share in the Asian arms markets as it is offering attractive deal to the regional powers,” said Pyotr Topychkanov, an analyst at the Carnegie Moscow Center, website Defense News reported.

In particular, Russia has a chance to expand deals with Vietnam, Indonesia, Malaysia, Myanmar, Bangladesh and Pakistan, Topychkanov added.

At the same time, the analyst noted that Russia does not have much room to maneuver in the Asian arms market, as major buyers — India and China — have started self-developing military projects and the US weapons still remain the main competitor to Russian arms.

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