Russia’s Weapons Exports Plunge 93 Percent in Three Years [Video]

Exports of Russian weapons will have dropped by 93 percent in three years by the end of 2024, a defense policy expert has found.

The country’s arms exports have been falling since its President Vladimir Putin launched his full-scale invasion of Ukraine on February 24, 2022, and this year they have plummeted further.

According to news outlet Agency, Pavel Luzin—a nonresident senior fellow with the Democratic Resilience Program at the Center for European Policy Analysis (CEPA)—calculated that the revenue made by Russia from these sales will stand at less than $1 billion at the end of December.

It had been 14 times higher in 2021, at $14.6 billion, according to the post shared by Agency on Russian social media platform Telegram.