Russian arms exports fell by an impressive 93% over three years – UNIAN
At the end of December, Russia's revenues from these sales will be less than $1 billion.
Russian arms exports have been falling since the start of the war in Ukraine and have fallen even further this year. It will be reduced by 93 percent over three years by the end of 2024, according to a defense policy expert.
According to estimates by Pavel Luzin, a researcher at the Democratic Resilience program at the Center for European Policy Analysis, Russia's income from these sales will amount to less than $1 billion at the end of December, Newsweek writes.
It is noted that in 2021 this figure was 14 times higher – $14.6 billion. Following the attack on Ukraine, Russia's sales revenues fell to $8 billion in 2022 and then to $3 billion at the end of 2023.
“It is clear that the military-industrial complex…
