Economic 360 Perspective for Russia: Growth Prospects and Emerging Opportunities in the Defense Industry

Russian defense is one of the largest sectors in the country along with the energy and heavy industries. Russia is the second largest exporter of weapons in the world, but its infrastructure needs in-depth modernisation. The various reforms launched by the Government aim at improving business climate, regulations and strengthening cooperation with developed countries to diversify and modernize petroleum based production. The Russian economy is currently facing modest revival after the latest global crisis.