AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

Russia's arms industry is suffering a near collapse in exports to China as military top brass agonise over which technology the neighbouring state should be allowed, a Russian daily reported on Tuesday.
The independent newspaper Nezavisimaya Gazeta said that Defence Minister Anatoly Serdyukov would visit China to try to resolve problems in this key relationship before President Vladimir Putin's final term ends in May.
From a situation where 40 percent of Russian earnings from arms exports came from China, "recently exports to China of our military equipment and weapons have dropped almost to zero," the paper said. One problem is the recent breakdown of a contract to supply transport and refuelling aircraft after problems at an Uzbek contractor, the paper said.
But the main issue is indecision over which technology can safely be sold to China, as well as Beijing's desire to receive licences to do the work itself, the paper said, citing a senior officer overseeing the arms industry, Mikhail Dmitriyev.
Russia's arms export agency declined to comment on the report when contacted by AFP, as did the defence ministry. The paper said Moscow's willingness to deliver cutting-edge technology to India, another major importer of Russian weapons, had "embittered the Chinese generals," the paper said.
Russia has sought close military ties with China, particularly through the Shanghai Cooperation Organisation, while the two countries have often aligned their policies as permanent members of the United Nations Security Council.

Copyright Agence France-Presse, 2008

Comments

Comments are closed.