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Russia’s arms investments: a wake-up call for the West?

Russia’s aggression in the Ukraine has triggered a bout of investment by NATO states in neighbouring regions, but Russia itself has spent so extensively on defence in the past year that it has single-handedly slowed the decline of global arms sales. So what’s on the Kremlin’s multi-billion-dollar shopping list, and can the country afford this level of defence spending in times of economic decline and frail relationships with potential business partners in the West?

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