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Russia Defence and Security Report Q2 2008Published by: Business Monitor International Published: Apr. 24, 2008 - 58 Pages Table of Contents
AbstractRussia’s defence exports rose considerably in 2007 due to a number of high-profile orders secured withVenezuela, Iran, India, Algeria and most recently Indonesia. In Q108 the Russian defence industrycontinued to grow rapidly. In the last year Russia’s defence industrial base grew by 23.1%. In recentyears Russia’s defence industry growth has been exceptionally strong but it has received assistance fromthe government, first in the form of a reconsolidation of the defence industry and most recently viaUS$189bn allocated for the 2007-2010 re-armaments plan. The boom has also been driven by anincreased demand from overseas clients, such as Venezuela, Algeria and Indonesia.Defence Industry Developments in 2007 included the Russian government confirming plans to establishthree shipyard holding companies. The firms have not been selected yet but some have been mentioned,namely Severnaya Verf and Baltiisky Zavod, which are majority-owned by Mezhprombank throughUnited Industrial Corporation. The Kalingrad-based Yantar shipyard was also named as a possiblecandidate. In recent months Russia’s regional diplomatic and defence ties have deteriorated significantly. In Q108the Russian government’s decision to boost its missile capability caused concern for the EU and the US.Russia’s motives for boosting its missile cache were questioned in light of the government suspending itsinvolvement in the Conventional Forces in Europe (CFE) Treaty in Q108. Russia withdrew itsmembership of the CFE treaty as it felt the agreement did not have the same relevance today as it did in1999. Russia did however state that the government may consider reviving CFE negotiations if all NATOmember states ratified the 19 November 1999 treaty, which benefits Russia from a defence anddiplomatic standpoint. It is unlikely that the US will acquiesce to such a demand. As such, the issue isunlikely to be resolved in the immediate term. Get Full Details About This Report >> |
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