Wednesday November 28, 12:25 pm Eastern Time
Press Release
SOURCE: Rosobornonexport
Russia's Rosoboronexport: Growth Prospects
MOSCOW, Nov. 28 /PRNewswire/ — On Monday, Russia's leading business daily Vedomosti published an interview with Andrey Beliyaninov, chief executive of Russia's state arms exporter Rosoboronexport as the company has just celebrated its one-year anniversary.
Rosoboronexport was established on November 4, 2000, when Russian President Vladimir Putin decreed the consolidation of state exporters Rosvooruzheniye and Promexport to avoid unnecessary competition.
Prefacing the interview, the paper said that ``the intermediaries' merger marked the beginning of their transformation.''
As Beliyaninov said, ``Rosoboronexport's principal goal is to become an investment agency for Russia's military industry and a stakeholder in the military industrial holdings underway now, rather than being a mere arms sales intermediary.''
Summing up the annual results he said that ``the company's first phase, formation, is obviously over, with the company having a detailed balance sheet, a revenue plan and well-planned spending. Now that we have seen where to grow, we have developed a four-year strategic plan,'' he said.
Beliyaninov confirmed that in the second phase Rosoboronexport will be acquiring stakes in military equipment manufacturers to become a ``well-balanced company.''
``An intermediary lacking a production base is subject to various market ups and downs. Its survival chances can be pretty bad,'' he said.
Beliyaninov said Rosoboronexport is very interested in a single state policy towards the military industry's assets held with commercial banks. In particular, the company expressed concern over a 25% stake in the Sukhoi design bureau, 14% in the Ulan-Ude aviation plant and 25% in the Baltic shipyard owned by the now-defunct Inkomba…
Дальше »»»