Russia will effectively cease to be a significant arms exporter by the end of 2024, having reduced its deliveries by 14 times compared to the last pre-war year, according to calculations by defense policy expert Pavel Luzin.

Details. According to Luzin's calculations, revenue from the sale of Russian weapons by the end of 2024 will be less than $1 billion. A year earlier, this figure was $3 billion, in 2022 - $8 billion, and in 2021 - $14.6 billion.

Quote: "We see that Russia has generally failed as an arms exporter. It is clear here that the military-industrial complex is counting on a stop, a freeze, an end to the war in order to return to fulfilling export contracts, because they provided a good influx of hard currency, among other things," Luzin said at the conference "Country and World: Russian Realities 2024" in Berlin, the Agency correspondent reports.

Reduction in supplies abroad allowed Russia to produce more weapons for its own army, the expert added

Context. In March, the Stockholm International Peace Research Institute (SIPRI) reported that by 2023, Russia had dropped to third place for the first time in the list of the world's top arms exporters, behind not only the United States, but also France. According to the institute, Russian exports have halved from 2014-2018 to 2019-2023. Back in 2019, Russia supplied weapons to 31 countries, while in 2023, only to 12.

The serious drop in revenues from Russian arms exports is also evidenced by data released last week by Rostec CEO Sergei Chemezov. According to him, Russia sold weapons worth $15 billion in 2021, $7 billion in 2022, and $6 billion in 2023. According to Chemezov’s forecast, sales will be even lower in 2024.