IHS Jane's study shows arms embargo wouldn't hurt Russia's military

July 27, 2014 7:13 AM

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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 payme...

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