Pity the Russians...their Libyan arms deals go south....
The Chinese running the oil industry....the Russians supplying arms....
Russia could lose almost $4.0 billion in arms export contracts to Libya after Moscow joined other world powers in slapping an arms embargo on Moamer Kadhafi's regime, a report said on Sunday.
The Interfax news agency quoted a military source as saying that Russia had an order book for contracts from Libya worth $2.0 billion while negotiations had been in progress for deals worth $1.8 billion more.
"Among the countries of the Middle East and North Africa, Libya is one of the main buyers of Russian weapons," the source, which was not identified, told the agency.
"As of today, contracts for military hardware of around $2.0 billion had been agreed with Libya.
"Work on contracts for aviation equipment and air defence was also in the final stage. These were valued at $1.8 billion," the source said.