Reports state that Russian arms exports in 2008 was $8 billion.

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Russia is an interesting example of how much the arms industry can help in a country’s resurrection. After the disintegration of USSR in 1991, Russia was reduced to a mere shadow. The failed experiments with democracy and IMF prescribed economic reforms did everything to ruin Russia and to create a new legacy of oligarchs. When everyone presumed the worst, Vladimir Putin judiciously used Russia’s abundance of oil and natural gas – but most importantly its expertise in defence – to have a phoenix like resurgence of the economy. This is exemplified by the Sukhoi Corporation – with its prime offering, the Sukhoi-30 – revolutionising the industry and literally beating the pants off American arms suppliers. Till date, the US has very little to call an answer to the Su-30MKI or its avionics, thrust vectoring technology, agility and its long range attack capability. In fact, Russia has an answer for every kind of conventional weapon that the US doesn’t want to sell to some. Reports state that Russian arms exports in 2008 was $8 billion. Incidentally, it was India and China’s insatiable appetite for arms that came to Russia’s rescue. Russia sells everything from ubiquitous AK-103s to submarines, frigates, combat and military transport aircraft to tanks, rockets and even anti missile systems like S-300.


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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