Global Insights: Trouble Ahead for Russia’s Defense Industry

Global Insights: Trouble Ahead for Russia’s Defense Industry

Russia’s foreign arms sales recently had another banner year, breaking all post-Soviet records, causing Moscow policymakers to celebrate. Meeting with the Commission for Military-Technical Cooperation with Foreign States on Feb. 10, President Dmitry Medvedev reported that the value of Russian weapons exports in 2008 exceeded $8.35 billion, up from $7.4 billion in 2007, also a record. On Feb. 12, Alexander Fomin, deputy director of the Federal Service on Military-Technical Cooperation, said that Russia planned to export $8.5 billion of arms in 2009. On Feb. 16, Nikolai Dimidyuk, special programs director for Rosoboronexport, Russia’s arms export monopoly, announced that the company […]

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