Get Updates
Get notified of breaking news, exclusive insights, and must-see stories!

MOSCOW, Sept 26 - Russia's state arms exporter will move to price its weapons in euros af

MOSCOW, Sept 26 (Reuters) - Russia's state arms exporter will move to price its weapons in euros after the recent fall in the dollar, Itar-Tass news agency reported on Wednesday, citing the firm's head.

Rosoboronexport chief Sergei Chemezov, a close ally of President Vladimir Putin, said the fall of the dollar meant euros would be used for long-term contracts, Tass reported.

Russia is the world's second largest arms exporter, after the United States. Defence officials estimate this year's weapons exports will grow to $7.5 billion.

The U.S. dollar hit a record low against the euro on Wednesday.

The euro climbed to $1.4163 on electronic trading in early Tokyo trade.

A spokeswoman for Rosoboronexport declined to comment on the report.

Reuters SI SSC1356

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+