9.24.2009

Russia, Saudi Arabia set to finalize arms deal

excerpt:

MOSCOW — Saudi Arabia is close to signing a two-billion-dollar (1.4-billion-euro) deal to buy Russian arms, a Russian defence industry source was quoted as saying on Saturday.

...Saudi Arabia -- a close US ally -- has long bought most of its arms from the United States and Western Europe, but in recent years has been in talks on buying military equipment from Russia.

Meanwhile Russia is keen to find new markets for its weapons exports, one of the few sectors of Russian manufacturing that has enjoyed international success.

In 2008 Moscow and Riyadh signed a military cooperation treaty, and this year Saudi King Abdullah received a delegation that included a top Kremlin adviser and an official from Rosoboronexport.

read more @ afp


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