Russia's civilian exports could surpass arms exports soon

Russia's exports of civilian products could soon exceed that of the military industry, President Vladimir Putin said Thursday, according to Sputnik International.

"According to some expert estimates, the export of IT-industry in 2015 amounted to $6.7 billion, while arms exports in 2015 was $14.5 billion. We will soon catch up with arms exports in civilian areas," Putin said in an address commemorating the 175th anniversary of Sberbank.