Russia's arms exports are going bust as foreign buyers bolt and the Ukraine war chews through its weapons
Briefly

Since Russia's invasion of Ukraine, its arms exports have dramatically declined, dropping from $14.6 billion in 2021 to approximately $3 billion in 2023. This decline is attributed to a focus on supplying the military rather than external sales, with the Russian military facing significant materiel losses. Despite a temporary increase in domestic production due to high demand, various challenges like manpower shortages and sanctions are jeopardizing the sustainability of this trend.
"We see that Russia, as an arms exporter, has generally failed," Luzin said last November.
Domestic demand has led to an increase in production of new military equipment in 2023, but sustainability is uncertain due to various pressures.
Read at Business Insider
[
|
]