Published by Global Banking and Finance Review
Posted on January 30, 2026
2 min readLast updated: January 30, 2026
Published by Global Banking and Finance Review
Posted on January 30, 2026
2 min readLast updated: January 30, 2026
Putin highlights the growth of Russian military exports, emphasizing increased African interest despite Western pressure.
Jan 30 (Reuters) - President Vladimir Putin praised the export record of Russia's military industries on Friday, saying it had expanded its markets and prospects, particularly in Africa, despite Western pressure.
"Russian production of military goods was supplied last year to more than 30 countries and the amount of foreign exchange earnings exceeded $15 billion," Putin told a meeting on military-technical cooperation in the Kremlin in a pool video.
Putin said the sector was operating in "complicated conditions".
"Pressure from Western countries remained and was even intensified to slow down or block business ties with Russia," he said. "But despite all these attempts, our export contracts were on the whole being honoured consistently."
African countries, he said, were particularly expressing interest in Russian production.
"Despite pressure from the West, African partners are showing readiness to expand their relations with Russia in the military and military-technical fields," he said.
Russia has been cultivating ties with a string of African countries, including in the domain of military cooperation.
The Central African Republic in 2018 brought in Russia's Wagner mercenaries to fend off rebel groups. Its newly reelected president, Faustin-Archange Touadera, invited Putin this month to visit the country.
Russia has also boosted relations with military administrations in Mali and Burkina Faso.
(Reporting by Ron Popeski, Editing by Rosalba O'Brien)
Military export refers to the sale of military goods and services to foreign countries. This includes weapons, equipment, and technology used for defense and security.
Foreign exchange, or forex, is the global market for trading national currencies against one another. It determines the exchange rates for currencies.
Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. They often have lower income levels than developed countries.
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