Posted on Mar 13, 2023
Russia's arms export industry is collapsing
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Russia's arms export industry—historically the second most lucrative in the world after the United States—appears to be collapsing under the weight of technological shifts, international political isolation, and its disastrous war in Ukraine, according to new figures released by the world's leading weapons industry watchdog.
Data published by the Stockholm International Peace Research Institute (SIPRI) on Monday show that Russia's military exports fell by 31 percent over the past five years when compared with the five years previous, threatening Moscow's position as the world's second most influential weapons dealer.
Data published by the Stockholm International Peace Research Institute (SIPRI) on Monday show that Russia's military exports fell by 31 percent over the past five years when compared with the five years previous, threatening Moscow's position as the world's second most influential weapons dealer.
Russia's arms export industry is collapsing
Posted from newsweek.com
Russia
Ukraine
Weapons
Posted 1 y ago
Responses: 3
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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PO1 William "Chip" Nagel
...""The low volume of pending deliveries of major arms from Russia indicates that its arms exports are likely to continue to drop in the coming years," SIPRI's report said.
"Combat aircraft and combat helicopters have been among Russia's main arms exports since 1992. It delivered a total of 328 of these in 2018–22, which accounted for 40 percent of Russian arms exports in the period. However, by the end of 2022, it had pending deliveries for only 84 combat aircraft and combat helicopters."
Putin's dream of a "fortress Russia" was built on a foundation of fearsome military strength. The Kremlin's costly humiliation in Ukraine and choked economy hint at a very different future for Putin's new Russian empire.
"A couple of years from now, Russia may well be number three, maybe even number four" in global military exports, Wezeman said. "That's really very striking."
...""The low volume of pending deliveries of major arms from Russia indicates that its arms exports are likely to continue to drop in the coming years," SIPRI's report said.
"Combat aircraft and combat helicopters have been among Russia's main arms exports since 1992. It delivered a total of 328 of these in 2018–22, which accounted for 40 percent of Russian arms exports in the period. However, by the end of 2022, it had pending deliveries for only 84 combat aircraft and combat helicopters."
Putin's dream of a "fortress Russia" was built on a foundation of fearsome military strength. The Kremlin's costly humiliation in Ukraine and choked economy hint at a very different future for Putin's new Russian empire.
"A couple of years from now, Russia may well be number three, maybe even number four" in global military exports, Wezeman said. "That's really very striking."
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