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...tanks and rifles. Among eager customers have been North Korea, Iran, China and Venezuela, which are barred from buying Western weaponry under various sanction regulations. The embargoes have had the effect of recruiting new clients for Moscow. "Venezuela's jets used to be [American] F-16s," says Richard Grimmett, who tracks global arms sales for the Congressional Research Service in Washington. "Well guess what? We ain't selling squat to Venezuela...

Author: /time Magazine | Title: Russia Rearms | 4/27/2009 | See Source »

...expense of its competitors. Between the four-year periods of 1986-89 and 1990-93, the value of Britain's exports shrank 76%, while Russian and Chinese exports fell 68%. But over the same time span, the value of U.S. contracts climbed 134%, according to recent calculations by Richard Grimmett, a Library of Congress expert on the arms trade...

Author: /time Magazine | Title: Going Up, Up in Arms | 12/12/1994 | See Source »

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