Study: Embargo Wouldn’t Hurt Russia
A report argued Sunday, an arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces. According to a study by IHS Jane’s, which provides analysis on the defense industry and security issues, European Union countries exported $583 million of military equipment to Russia last year, less than 1 percent of the nation’s $68 billion defense budget. The bulk of that was a $521 million payment to France, which is building two Mistral class warships for Russia.
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