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Quick Summary

Russia, the second largest arms exporter globally, is facing challenges in its defense industry due to Western sanctions and difficulties in acquiring crucial parts. This has led to delays in weapon deliveries, raising concerns about the quality and reliability of Russian arms. African countries, a significant market for Russian weapons, are now exploring alternative options. The United States has overtaken Russia as the leading arms supplier, with Russia’s market share declining. The decline in sales and the underwhelming performance of Russian weapons in the Ukraine conflict have negative implications for Russia’s defense industry and its ability to develop new technologies. The USA appears to be a more promising investment in the arms market, with increasing market share and a strong reputation.

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Why Watch?

The decline in Russia’s arms exports and delays in production have raised concerns about the quality and competitiveness of Russian weapons, which has begun to expand into a larger economic challenge for the entire country. The significant increases to military spend have been compounded by the reduction in demand for Russian weapons in making warfare unprofitable and potentially destabilizing for Vladamir Putin and the Russian military. Joe Blog’s explains many of these nuances, along with other international variables and players involved with the international arms trade. He also offers his own insight on economic trends that are currently in flux within the global arms trade, specifically as it relates to Russian and US weapon sales to African countries.

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