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Russia's defense industry

Rostec revenues reach $31.6 bln in 2023 — CEO

Nondefense revenues also increased last year in absolute figures and amounts to nearly one trillion rubles ($10.92 bln), Sergey Chemezov stressed

MOSCOW, May 3. /TASS/. Revenues of the Russian state corporation Rostec amounted to almost 2.9 trillion rubles ($31.6 bln) in 2023, CEO Sergey Chemezov said at the meeting with Russian Prime Minister Mikhail Mishustin.

"Revenues of the company totaled almost 2.9 trillion rubles in 2023. This is a third higher than a year earlier," Chemezov said.

Nondefense revenues also increased last year in absolute figures and amounts to nearly one trillion rubles ($10.92 bln), Chemezov stressed.

"Our share of civilian products amounted to almost 50% before the start of military activities. The President set the task to bring it to 50% and each defense plant was to product nondefense items. However, the figure declined a bit in comparative indicators and is about 35-36% because of the significant increase of the state defense order," the chief executive added.

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Russian defense industry

Military operation in Ukraine

Two civilians hurt in Ukraine’s attack on Belgorod

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Russian troops use latest Upyr FPV drones in Kharkov push

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Russia demands UN arbitration on non-issuance of US visas — diplomat

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