1. Russia’s Military Industry Forecast 2023-2025
- Author:
- Pavel Luzin
- Publication Date:
- 04-2023
- Content Type:
- Special Report
- Institution:
- Foreign Policy Research Institute
- Abstract:
- After the start of Russia’s aggression against Ukraine on February 24, 2022, the arms expenditures and military budget of Russia skyrocketed and continue to grow for the foreseeable future. However, the military industry is under threat Despite the additional massive financial inflow. The military industry could not—with few exceptions—increase the production capacity significantly nor solve its other major problems of workforce deficit and annual net losses. Moreover, the Western embargo on the supply of components, industrial equipment, and technologies makes the further development of the Russian military industry doubtful. Even reverse engineering has become an impossible task. However, the Kremlin’s choice in this situation would be in favor of more arms expenditures and extending the practices of the command economy.
- Topic:
- Military Affairs, Budget, Industry, and Russia-Ukraine War
- Political Geography:
- Russia, Eurasia, and Ukraine