Russia's Role as an Arms Exporter: The Strategic and Economic Importance of Arms Exports for Russia

ISBN-10
1784132004
ISBN-13
9781784132002
Category
Arms transfers
Pages
30
Language
English
Published
2017
Authors
Richard Connolly, Cecilie Sendstad

Description

Russia is the world's second-largest arms exporter after the US, and is seeking to strengthen its position in new markets. Arms exports play an important role in Russia's economy, accounting for a large proportion of manufactured and technology-intensive exports. This makes the armaments industry one of the leading sectors through which Russia is integrated with the global economy. Russia's arms industry has benefited from the rapid growth in domestic defence procurement since 2011. However, it is not clear whether the government's import-substitution plan will offset the reduced access to components of weapons systems caused by the sanctions imposed in the aftermath of the illegal annexation of Crimea in 2014. This could lead to shortages that impede production and, hence, export prospects. There are also broader weaknesses within the Russian defence industry that hamper innovation and could impair the ability of Russian firms to remain competitive in global markets. These include ageing physical capital, an ageing R & D workforce, and weak linkages between higher education and defence-industrial firms.

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