When the Ukraine War Ends, the Arms Race Won't
Summary
The article says Russia and Ukraine may compete to sell weapons and military technology developed during the war once fighting eases. It describes Russia’s efforts to attract investment and rebuild arms exports, while noting Ukraine’s rise as a major arms importer and the growth of its own defense industry.Key Facts
- The war has driven advances in drones, electronic warfare and precision weapons in both Russia and Ukraine.
- SIPRI figures cited in the article show Russia’s share of global major-arms exports fell from 21 percent in 2016–2020 to 6.8 percent in 2021–2025.
- Russian defense leaders say they want to turn battlefield experience into export opportunities, including in Africa, Asia and Latin America.
- Andrei Bezrukov said Russia aims to secure technological leadership by 2050 and called for more flexible government contracts and overseas sales.
- Alexey Chadayev said Russian defense contracts need profit margins of at least 15 percent to attract private investment.
- State-backed PSB and Bezrukov’s center have launched two investment funds for defense and dual-use technology companies.
- PSB chairman Pyotr Fradkov said the bank was evaluating more than 1,200 projects in areas including drones, robotics and microelectronics.
- The article says Ukraine was the world’s largest importer of major arms in 2021–2025 and has developed a substantial domestic defense industry.
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