All guns firing: Russian arms trade on the rebound

Western weapons manufacturers waging an uphill battle to drive up revenues are finding their market share eroded by a potent new competitor – Russia. The Stockholm International Peace Research Institute (SIPRI) in its latest report “Trends in International Arms Transfers – 2013” says Russia’s exports of major weapons increased by 28 per cent between 2004-2008 and 2009-13.

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