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Ukraine to sell over 200 tanks worth $100 mln to Ethiopia

ejaz007

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Ukraine to sell over 200 tanks worth $100 mln to Ethiopia
16:40 09/06/2011

Ukrainian state company Ukrspetsexport signed a $100-million contract with the Ethiopian Defense Ministry on the delivery of over 200 T-72 tanks, UNIAN news agency reported on Thursday.

The deal is one of the largest contracts Ukrspetsexport has signed in the last 15 years.

Ukraine also expects to receive further orders for the repair and upkeep of the tanks.

The T-72, first produced in the USSR in the 1970's, was widely exported to many African, Asian and Middle Eastern states.

KIEV, June 9 (RIA Novosti)

Ukraine to sell over 200 tanks worth $100 mln to Ethiopia | Business | RIA Novosti
 
Well Ethiopia is not doing bad economically. They have 7-8% GDP growth rate, $1000 per capita income, and about US $80-90 Billion economy. So sparing $100mn is not that much. Besides the HQ of AU is located there.
 

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