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The Asia-Pacific region accounts for about half of the Russian defense order portfolio

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Image source: © РИА Новости / Михаил Воскресенский

Russia's main partners in the field of military-technical cooperation in the region are China, India, Myanmar, Indonesia, Bangladesh and Malaysia

VLADIVOSTOK, September 4. /TASS/. The share of the Asia-Pacific region (APR) in the Russian portfolio of export orders for military products (PVN) is about 50%. Dmitry Shugaev, Director of the Federal Service for Military-Technical Cooperation (FSMTC), told reporters about this during the Eastern Economic Forum (EEF-2021).

"Russia's main partners in the field of military-technical cooperation in the region are China, India, Myanmar, Indonesia, Bangladesh and Malaysia. The countries of the region account for almost half of the current Russian export defense order portfolio, " Shugaev informed.

According to the head of the Federal Customs Service, increased attention is paid to technological cooperation with the countries of the Asia-Pacific region. "Given the focus of the Asia-Pacific countries on the development of their own military-industrial complex, significant attention is paid to technological cooperation within the framework of joint ventures and the organization of licensed production of Russian air defense systems," Shugaev said.

The VI Eastern Economic Forum is being held in Vladivostok on September 2-4 in a hybrid format, the main theme of the business program is "New opportunities of the Far East in a changing world". In addition to the main events, the WEF Youth Forum and the WEF Junior Forum will be held, as well as the Far East Street exhibition. The forum is organized by the Roscongress Foundation. TASS is the general information partner and the official photo-hosting agency of the event.

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