Boston, MA -- (SBWIRE) -- 06/26/2014 -- Despite the dissolution of the Soviet Union and the Warsaw Pact over two decades ago, Russia remains an important international actor both in the Eurasian region and in the world at large. The country retains some of the world's biggest armed forces, and has its largest nuclear arsenal.
BMI's Q3 2014 Defence and Security Report examines the country's strategic challenges together with its current and future defence posture. The report concludes that Russia's military establishment is moving forward with the comprehensive modernisation of its armed forces, with the delivery of new equipment across all three services. The intention of the armed forces' modernisation programme is to make the country more agile and adaptable in meeting new threats both at home and abroad.
We expect Russia to spend up to USD92.7bn on defence in 2014. This is a reduction of almost USD4bn from Russia's defence budget for 2013. Up to and including 2018, we believe that Russia will spend circa USD97.2bn on defence annually. A significant increase should occur in 2016 when the defence budget will increase to USD101.3.bn. Similar further dramatic increases are expected in 2017, when the defence budget will climb to USD107.7bn and in 2018 when we expect it to reach USD114.6bn; its highest level between 2010 and 2018. Defence spending increases since the commencement of the decade have broadly been driven by Russia's overriding defence modernisation initiative.
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Although Russia is a net exporter of defence equipment it has, nevertheless, begun to perform some small-scale imports of equipment. An example of this trend is the import of 'Mistral' class amphibious support ships from French shipbuilder DCNS. However, in the Spring of 2014, Russia's role in the Ukrainian revolution and the subsequent Crimea crisis has cast Moscow's ability to source defence materiel from Western suppliers into doubt, particularly if the European Union or the United Nations chooses to enact an embargo...
The Russia Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.
BMI's Russia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Russian defence and security industry.
- Benchmark BMI's independent defence and security industry forecasts on Russia to test other views - a key input for successful budgetary and strategic business planning in the Russian defence and security market.
- Target business opportunities and risks in the Russian defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Russia.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
Global and Regional Political Outlooks
A strategic overview of the world's major political risks, identifying countries facing leadership successions and nations at risk of upheaval, inter-state conflict or separatism and insurgencies, plus a summary of the world's 'wild card' low-probability high-impact risks.
Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into 'Strengths', 'Weaknesses', 'Opportunities' and 'Threats'.
Political Risk Assessment
Drawing on BMI's heritage of more than 25 years of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
BMI's proprietary Security Risk Ratings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's latest assessment of each component. Furthermore, drawing on our country risk expertise, we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.
Armed Forces Spending/Expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces, these include spending on international deployments, WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
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