Venezuela’s Maduro Wins Second Term in Disputed Election

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Venezuelan President Nicolás Maduro . Source: Wikipedia/Valter Campanato/ABr.

Venezuela’s Nicolás Maduro will serve a second term in office after winning the presidential election on May 20.  With 92 percent of voting centers reporting, Maduro has won 68 percent of the vote. His closest competitor, Henri Falcón, won only 21 percent. Continue reading

Western Sanctions Impact Russian Frigate Sale to India

by Derek Bisaccio, Military Markets Analyst, Forecast International.

Russian Frigate Admiral Grigorovich. Source: Russian Ministry of Defense

Russia is moving forward with export plans for two of its Admiral Grigorovich class frigates (Project 11356M). Under an agreement inked last year, Moscow will export the Admiral Butakov and Admiral Istomin  to India, and assist India in producing two more locally. While both sides seem to be working on implementing the contract, Western sanctions have created complications. Continue reading

The Wall Street Journal Interviews Rostec CEO Sergei Chemezov

by Derek Bisaccio, Military Markets Analyst, Forecast International.

Rostec CEO Sergei Chemezov Source: Rostec

Rostec CEO Sergei Chemezov.  Source: Rostec

Recently, the CEO of Russia’s Rostec, Sergei Chemezov, sat down with The Wall Street Journal for an interview on a range of subjects pertaining to the company.[i] The interview covered a number of important ongoing topics, touching on Russia’s domestic defense industry as well as its export market. Rostec is a Russian conglomerate that comprises a number of businesses. It has 14 holding companies, five of which are geared toward the civilian market and nine that specialize in military products. Continue reading

Iranian Nuclear Deal Struck

By Nicole Auger, International Military Markets Analyst, Forecast International.

786666In a deal “not built on trust, but built on verification,” according to United States President Barack Obama, world powers and Iran struck a milestone agreement July 14 that would curb Iran’s nuclear program in exchange for billions of dollars in relief from international sanctions. In Tehran, Iranian President Hassan Rouhani said “a new chapter” has begun in his nation’s relations with the world. Continue reading