According to new data released yesterday by the Stockholm International Peace Research Institute, sales of arms and military services by the industry’s 100 largest companies totaled $531 billion in 2020—an increase of 1.3% compared with the previous year.
Nevertheless, the combined arms sales of Russian companies ranked in the Top 100 decreased from $28.2 billion in 2019 to $26.4 billion in 2020—a 6.5% decline. This marks a continuation of the downward trend observed since 2017.
Some of the sharpest declines in the top100 are also recorded by Russian companies. Important numbers by countries:
USA - $285bln, +1.9% China – $66.8bln, +1.5% Europe – $109bln Britain – $37.5bln, +6.2% Germany – $8.9bln, +1.3% Russia – $26.4bln, -6.5%.
According to Swedish analysts, the Russian decline coincided with the end of the State Armament Program 2011–20 and pandemic-related delays in delivery schedules.
Almaz-Antey and United Shipbuilding Corporation saw their arms sales fall by 31% and 11%, respectively.
According to new data released yesterday by the Stockholm International Peace Research Institute, sales of arms and military services by the industry’s 100 largest companies totaled $531 billion in 2020—an increase of 1.3% compared with the previous year.
Nevertheless, the combined arms sales of Russian companies ranked in the Top 100 decreased from $28.2 billion in 2019 to $26.4 billion in 2020—a 6.5% decline. This marks a continuation of the downward trend observed since 2017.
Some of the sharpest declines in the top100 are also recorded by Russian companies. Important numbers by countries:
USA - $285bln, +1.9% China – $66.8bln, +1.5% Europe – $109bln Britain – $37.5bln, +6.2% Germany – $8.9bln, +1.3% Russia – $26.4bln, -6.5%.
According to Swedish analysts, the Russian decline coincided with the end of the State Armament Program 2011–20 and pandemic-related delays in delivery schedules.
Almaz-Antey and United Shipbuilding Corporation saw their arms sales fall by 31% and 11%, respectively.
BY Новый Век
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Stocks closed in the red Friday as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on U.S. consumer sentiment. "Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels." Telegram was co-founded by Pavel and Nikolai Durov, the brothers who had previously created VKontakte. VK is Russia’s equivalent of Facebook, a social network used for public and private messaging, audio and video sharing as well as online gaming. In January, SimpleWeb reported that VK was Russia’s fourth most-visited website, after Yandex, YouTube and Google’s Russian-language homepage. In 2016, Forbes’ Michael Solomon described Pavel Durov (pictured, below) as the “Mark Zuckerberg of Russia.” Now safely in France with his spouse and three of his children, Kliuchnikov scrolls through Telegram to learn about the devastation happening in his home country. The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips.
from ar
