Tag

Military Exports

All articles tagged with #military exports

international-relations1 year ago

Global Arms Trade Shifts as India Tops Imports and Russia's Exports Plummet

Russia's arms export industry has suffered a significant decline, dropping to third place behind France and the U.S. due to a 53% decrease in exports from 2014–18 to 2019–23. The war on Ukraine, struggling economy, and Western sanctions have hampered Russia's ability to compete in the global arms market. The country's reliance on Asian and Oceanian markets, particularly India and China, is also diminishing, with India turning to France and the U.S. for military equipment. Additionally, China's growing self-sufficiency in arms production has further reduced its reliance on Russian imports, leaving Russia with uncertain prospects for future arms exports.

politics2 years ago

Bulgarian Defense Industry Under Attack: Explosions and Fires at Arms Warehouses

Bulgaria's Economy Minister Bogdan Bogdanov has suggested that Russia could be responsible for an explosion at an arms factory in the town of Karnobat, which is currently under investigation for potential ties to Russia. The factory belongs to a Bulgarian arms dealer who survived a suspected poisoning with the Russian nerve agent novichok in Sofia in 2015. Bulgaria has been exporting large quantities of ammunition to Ukraine since the start of Moscow's full-scale invasion, but the Kremlin's influence in Bulgaria continues to run deep.