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 The war in Ukraine is draining Russia’s military resources, sanctions are crippling its production, and outdated Soviet-era designs can’t compete with modern Western weapons.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?
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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 The war in Ukraine is draining Russia’s military resources, sanctions are crippling its production, and outdated Soviet-era designs can’t compete with modern Western weapons.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
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FunTranscript
00:00Russia was once a giant in the global arms trade,
00:03selling weapons worldwide at lower prices than Western rivals.
00:07But now its dominance is crumbling fast.
00:10A new report shows Russia's share of the global arms market
00:14has plunged from 21% to just 7.8% in five years,
00:18a shocking 64% drop.
00:20Why?
00:21The war in Ukraine is bleeding Russia dry,
00:24forcing it to replace lost military equipment
00:26instead of selling it abroad.
00:28Sanctions have crippled production,
00:30and outdated Soviet-era designs
00:32can't compete with advanced Western weapons.
00:35Even Russia's biggest buyers, like China and India,
00:38are now making their own weapons instead of buying from Moscow.
00:42Meanwhile, the U.S., France, and even South Korea
00:45are selling more arms than ever,
00:47pushing Russia further down the ranks.
00:49With new players like Turkey and Israel rising,
00:52Russia's grip on the arms market is slipping fast.
00:55If this continues,
00:57its role as a major arms supplier could disappear forever.