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<advertisement>
 RUSSIA INCREASES STAKE IN MIDEAST |
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WASHINGTON [MENL] -- Russia has surprised Western analysts by its rebound
in the global arms market, particularly in the Middle East.The Newtown, Conn.-based consultant Forecast International asserted that
Russia's defense industry has bolstered its stake in the Middle East market.
The consultant said that contrary to forecasts Russia was expected to
increase its defense exports in 2007."Russian arms sales reached a post-Soviet peak of $6.1 billion in 2005,
reflecting a steady rebound from 2003 when they totaled $4.4 billion," the
Forecast International Military Market Report said. "Defense exports are
expected to reach $5.5 billion in 2006, further escalating to $7 billion in
2007."In 2005, most Western analysts expected a significant decline in
Moscow's arms exports. They cited shrinking markets in China and India
as well as failure to win a major arms deal in Iran and Syria.
editor@menewsline.com for further details. 
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