MOSCOW, January 27 /TASS/. Russia exported more than $15 billion worth of military products to more than 60 foreign countries in 2014. New contracts worth almost $14 billion were signed as well, Russian President Vladimir Putin told a meeting of the Commission for Military and Technological Cooperation with foreign countries on Tuesday.

The president noted that Russia is a reliable and predictable partner on the global armaments market and it does not link fulfillment of its commitments to the current political situation.

According to Vladimir Putin, Russia will be expanding its presence on the markets of arms sales in Asia, Africa and Latin America.

"Today’s new challenges and threats force many countries to change their military doctrines, upgrade their national armed forces," Putin said at a session of the commission on the military and technical cooperation with foreign countries.

"Russia will be expanding its presence on such perspective markets as the Asian and Pacific region, the African continent, Latin America and the Caribbean Basin," Putin said.