Photo: EPA |
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Venezuela has started the licensed production of Russia’s AK-103 “Kalashnikov” assault rifle, President Hugo Chavez told reporters.
General Julio Prieto, the head of the state-owned arms manufacturer that obtained the license, said that 3,000 AK-103s had already been assembled.
Venezuela may produce 25,000 licensed AKs per year, he said.
Russia loses more than $2 billion annually due to the counterfeit production of Kalashnikov guns in Asia, Africa, the Middle East, Europe and America.
The world output of these guns is estimated by some sources at between 70 million and 105 million.
Source : Moscow Time
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