Russian Arms Trade With Developing World Continues to Grow

Russian Arms Trade With Developing World Continues to Grow

The Congressional Research Service recently published a report on conventional arms transfers that identifies Russia as the world’s leading arms supplier to developing countries in 2005. According to CRS calculations, Russia ranked first in arms sales agreements with developing nations, with contracts worth approximately $7 billion. Although Russia’s current arms exports have decreased considerably since the Soviet period, its revenue per transaction is now greater because Russian firms have yielded much of the lower-end market to lower-cost suppliers like China, India, and former Soviet bloc allies. In addition, whereas the U.S.S.R. transferred much weaponry under easy commercial terms or without […]

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