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Development Prospects of Russia’s Military Industrial Complex under International Sanctions

Author: Andrey A. Maltsev, Dr. Sc. (Econ.), Prof., Head of Global Economy Dept; Dmitry A. Azarov, Jr. lecturer of Global Economy Dept.

Abstract: The paper deals with the role of the military industrial complex in Russia’s contemporary economy. It reviews current international foreign policy towards the Russian Federation that complicates the country’s military industrial complex development. Russia’s matériel export and import is then analysed. The article reveals major Russian military industrial complex problems. Prospective ways and forms of enhancing Russia’s military industrial complex potential under international sanctions imposed against the Russian Federation are later revealed.

Keywords: military industrial complex; weapons and military equipment; matériel; arms export; export potential.