Russia, Libya sign $1.8 billion arms deal

Jan. 30, 2010 at 2:02 PM
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MOSCOW, Jan. 30 (UPI) -- Russia and Libya have signed a $1.8 billion arms deal, Prime Minister Vladimir Putin announced Saturday.

Putin said the agreement was consummated Friday during a visit of Libyan Defense Minister Abu Bakr Yunis Jaber, the BBC reported.

Putin didn't announce what types of arms the contract covered, but Russian media had speculated it could include fighter planes, the British broadcaster said.

"Yesterday a contract worth ($1.8 billion) was signed," Putin announced while meeting with the director of Izhmash, the manufacturer of the Kalashnikov assault rifle. "These are not just small arms."

The BBC said the Libyan contract is worth nearly one-fourth of the state-owned arms export monopoly Rosoboronexport's entire 2009 sales of $7.4 billion.

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