December 5, 2024
SIPRI: in 2023, the income of two Russian companies that produce weapons increased by 40% thumbnail
Ukraine News Today

SIPRI: in 2023, the income of two Russian companies that produce weapons increased by 40%

After the full-scale invasion of Ukraine in February 2022, Russia dramatically increased the production of weapons”, — write: www.radiosvoboda.org

The combined revenue of the two Russian companies, which are among the world’s 100 largest arms manufacturers, increased by 40 percent and reached approximately 25.5 billion US dollars. This is stated in a report published today by the Stockholm International Peace Research Institute (SIPRI).

It is noted that this happened almost entirely thanks to a 49 percent increase in revenues from arms sales by Rostec, a state holding company that controls many arms manufacturers, including seven companies that were previously in the TOP-100 manufacturing companies and for which no managed to get income data.

“Official data on Russian arms production is sparse and questionable, but most analysts believe that production of new military equipment will increase significantly in 2023, and Russia’s existing arsenal will undergo significant renewal and modernization,” said Nan Tian, ​​senior research fellow and program director. SIPRI programs on military spending and arms production.

According to him, these include combat aircraft, helicopters, UAVs, tanks, ammunition and missiles, all of which are believed to have been produced in greater quantities as Russia continued its offensive in Ukraine.

After the full-scale invasion of Ukraine in February 2022, Russia dramatically increased the production of weapons, ammunition and other goods for military needs.

Read also: The Russian State Duma announced a shortage of workers in the military industry

The project of the Russian budget for 2025 provides for 13.5 trillion rubles for military expenses, which will amount to 6.31% of GDP. When receiving large government orders, the enterprises of the Russian military industry are faced with a lack of resources and capacities, including a lack of manpower.

Despite the sanctions, Moscow continues to manufacture weapons using foreign components.

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