(AFP) Russia could lose almost $4 billion in arms export contracts to Libya after Moscow joined other world powers in an arms embargo on Gaddafi's regime. The Interfax news agency on Sunday quoted a military source as saying, "Among the countries of the Middle East and North Africa, Libya is one of the main buyers of Russian weapons." "As of today, contracts for military hardware of around $2 billion had been agreed with Libya. Work on contracts for aviation equipment and air defense was also in the final stage. These were valued at $1.8 billion," the source said.
2011-03-04 00:00:00Full ArticleBACK Visit the Daily Alert Archive