In bad sign for Russian arms export industry, major air showed canceled

📆 25/05/2023 05:56:00
📰 dcexaminer

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 94%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'Unfortunately for the Kremlin, this cancellation is only the tip of the iceberg for Russia's arms industry challenges. The war in Ukraine has shown the actual performance of many once-vaunted Russian systems to be less than inspiring.' -TomRtweets

In an ominous sign for its arms export industry, Russia canceled a major air show for the first time in 30 years. The Kremlin says the cancellation is a response to escalating security threats. And while this concern is legitimate to some extent, there's more going on here than fear of Ukrainian saboteurs.

Still, there's no question that this cancellation is a big loss for the Kremlin. Russia's arms export industry has long been a point of key pride for Vladimir Putin. The Russian leader sees this industry as a marker of his personal prestige and of Russia's continued relevance as a global military power. He has personally attended previous MAKS shows.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon – Finance Bitcoin NewsIn a recent interview EU spokesperson for external affairs Peter Stano remarked that SWIFT sanctions could not be lifted or softened until the Russia-Ukraine conflict ended.
Source: BTCTN - 🏆 531. / 51 Read more »