Russia may lose $13 billion on arms export ban to Iran

336
Russia may lose $13 billion on arms export ban to Iran

Russia could lose up to $13 billion due to an extensive arms embargo imposed on Iran over its nuclear program, a Russian arms trade expert said on Tuesday.

"This amount includes deliveries under signed contracts and potential revenues from prospective projects,"" said Igor Korotchenko, head of a Moscow-based think tank on the international arms trade.

According to the Russian think tank, Iran has been implementing a 25-year rearmament program since 2001. The $25-billion program was mostly oriented toward arms purchases from Russia.

""The Russian defense industry could have received at least half of this amount in 2010-2025,"" Korotchenko said.

On June 9, the UN Security Council passed a new round of sanctions against Iran over its nuclear program, including tougher financial controls and an expanded arms embargo.

By folding an extensive military-technical cooperation program with Iran, Russia may lose up to $2.2 billion in sales of air defense systems, up to $3.2 billion in sales of naval equipment, up to $3.7 billion in sales of combat aircraft, up to $2.5 billion in sales of military equipment for Iranian ground forces, and up to $1.1 billion in sales of combat helicopters.

For instance, Moscow signed an $800-million contract on supplying Iran with at least five S-300 systems in December 2005, but the contract's implementation has so far been delayed.

If Russia cancels the contract, it will have to return the value of the contract plus suffer a 10% penalty for breach of contract.

Additional losses of $200 million and $250 million are estimated from folded bilateral cooperation in space research and halted deliveries of spare parts for military equipment previously sold to Iran.

In the long-term perspective, Russia's refusal to sell armaments to Iran means Tehran could turn to China as its main arms supplier, depriving Moscow of a serious source of revenue.

Source: Tehran Times

Facebook Коментари

Добави коментар

Екипът на Profit.bg Ви благодари, че използвате кирилица за вашите коментари.
В случай, че коментарът Ви съдържа нецензурни квалификации и лични нападки или обиди на расова, сексуална, етническа или верска основа, той ще бъде изтрит от модератора на сайта.

Абонирайте се за електронния
информационен бюлетин на Profit.bg