LONDON—An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
European Union countries exported $583 million of military equipment to Russia last year, less than 1 percent of the nation’s $68 billion defense budget, according to a study by IHS Jane’s, which provides analysis on the defense industry and security issues. The bulk of that was a $521 million payment to France, which is building two Mistral class warships for Russia.
The propriety of arms sales to Russia was questioned last week as the U.S. and EU …read more
Source: The Epoch Times
