Russian Defense Industry Powers Through Sanctions As Its Weapons Dominate In Ukraine
Despite the March data published by the Swedish SIPRI which claims that the US share of global arms exports rose from 33% to 40%, while Russia’s supposedly fell from 22% to 16% during the 2013-17 and 2018-22 period, respectively, the portfolio of orders of Rosoboronexport is stable and currently stands at over four trillion rubles (roughly $45-50 billion). Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.