Russia was once a dominant force in the global arms trade, supplying weapons to countries worldwide. But now, its share of the market is collapsing. A new report shows a shocking 64% drop in just five years, falling from 21% to only 7.8%!
Why is this happening? The war in Ukraine is draining Russia’s military resources, sanctions are crippling its production, and outdated Soviet-era designs can’t compete with modern Western weapons. Even its biggest buyers, like China and India, are now making their own weapons instead of buying from Moscow.
Meanwhile, the U.S., France, South Korea, and other countries are rising as major arms suppliers, leaving Russia behind. Could this be the beginning of the end for Russia’s arms industry? WooGlobe Ref : WGA594534 For licensing and to use this video, please email licensing@wooglobe.com
