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According to the report, Russia’s weapons exports are collapsing, with revenue projected to plummet by 93% by the end of 2024. Once a $14.6 billion industry in 2021.
The report said that Russia’s arms sales have dropped to just $1 billion amid global sanctions and fallout from the Ukraine invasion. Defense policy expert Pavel Luzin has highlighted how the decline in arms exports is not just crippling the industry but also impacting Russia’s economy.
The report added that Buyers are turning to other nations for military equipment, leaving Moscow grappling with financial and strategic setbacks. What does this mean for Russia’s future?
Russia is fighting alone against a united NATO! They need to arm their forces in this ongoing battle past 2 years. Other nations wouldn’t be able to keep their forces armed for a battle lasting more than 2-3 weeks. Russia will go bankrupt if it continues to fight Ukraine and assists other countries like North Korea.
Their defense sector is running flat out and will easily catch up once the war concludes. Nothing to worry about. The recent test of their newer hypersonic missile demonstrates that they will remain a leader in the sector. They might be wrong in their assumptions.
Watch the report via the YT link.
The report said that Russia’s arms sales have dropped to just $1 billion amid global sanctions and fallout from the Ukraine invasion. Defense policy expert Pavel Luzin has highlighted how the decline in arms exports is not just crippling the industry but also impacting Russia’s economy.
The report added that Buyers are turning to other nations for military equipment, leaving Moscow grappling with financial and strategic setbacks. What does this mean for Russia’s future?
Russia is fighting alone against a united NATO! They need to arm their forces in this ongoing battle past 2 years. Other nations wouldn’t be able to keep their forces armed for a battle lasting more than 2-3 weeks. Russia will go bankrupt if it continues to fight Ukraine and assists other countries like North Korea.
Their defense sector is running flat out and will easily catch up once the war concludes. Nothing to worry about. The recent test of their newer hypersonic missile demonstrates that they will remain a leader in the sector. They might be wrong in their assumptions.
Watch the report via the YT link.