Russia Must Back Arms Sales With More Loans - Putin

Russia should offer loans more often to help finance its global arms exports, but should lend money on the basis of market conditions and not ideology, President Vladimir Putin said on Wednesday. “This must surely not be the type of loans that the Soviet Union used to provide, based on ideology and not on market values, in which it never saw the loans again," Putin said at a session of the State Commission For Military and Technical Cooperation with Foreign States.

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