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Russian Arms Sales Declining

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.

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25.4K viewsDec 9, 2021 at 08:56

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Create: 2021-12-09
Last Update: 2025-09-04 05:53:28

Russian Arms Sales Declining

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.

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A Russian Telegram channel with over 700,000 followers is spreading disinformation about Russia's invasion of Ukraine under the guise of providing "objective information" and fact-checking fake news. Its influence extends beyond the platform, with major Russian publications, government officials, and journalists citing the page's posts. He adds: "Telegram has become my primary news source." Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. Pavel Durov, a billionaire who embraces an all-black wardrobe and is often compared to the character Neo from "the Matrix," funds Telegram through his personal wealth and debt financing. And despite being one of the world's most popular tech companies, Telegram reportedly has only about 30 employees who defer to Durov for most major decisions about the platform. Again, in contrast to Facebook, Google and Twitter, Telegram's founder Pavel Durov runs his company in relative secrecy from Dubai.
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