Russia May Buy $12 Billion of Arms From NATO Members
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Russia may buy $12 billion of arms from European and Israeli companies, including DCNS and Iveco SpA, over the next five years as the world’s second-biggest arms exporter hunts for higher-quality weapons than domestic companies can provide, according to a Moscow research institute.
The two biggest deals -- about 1.5 billion euros ($1.8 billion) each -- may be signed within two years, according to a report compiled for Bloomberg News by the Center for Analysis of Strategies and Technologies. Russia plans to acquire four Mistral helicopter carrier ships from Paris-based DCNS, and is in talks with Iveco, a unit of Turin, Italy-based Fiat SpA, for as many as 3,000 M65E light armored vehicles, the report shows.