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Sharp decline in Russian arms exports amid Ukraine conflict

By Defence Industry Europe

As a result of the invasion of Ukraine, Russian arms exports have decreased by more than half, due to both prioritising supplies for their own military needs and a decline in demand from foreign buyers, according to a statement from the UK Ministry of Defence.

 

In its daily intelligence update, the UK Ministry of Defence cited data from a report published on 11 March by the Stockholm International Peace Research Institute (SIPRI).

 

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According to this information, the volume of Russian arms exports decreased by 53% in the period 2019-23 compared to the years 2014-18, resulting in Russia dropping from second to third place in the ranking of the largest arms exporters.

Russian arms exports were 52% lower in 2023 than in 2022, and in 2023 only 12 countries received Russian arms, while in 2019 there were 31.

 

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„The decline is likely due to several factors including Russia prioritising equipment for operations in Ukraine due to continuous battlefield losses, and reduced customer demand due to the risk of associated sanctions and global condemnation of Russia’s responsibility for the war,” UK Ministry of Defence said in a report.

 

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