Paramilitary policemen training in Chuzhou, China, March 2016

Shortly after Russia’s annual military expo concluded in August, Alexander Mikheyev, the head of the country’s state arms export agency, predicted that revenues from Russian arms exports in 2022 would be down 26 percent from last year. Russia remains the world’s second-largest arms exporter after the United States, according to the Stockholm International Peace Research Institute; it would take a far larger drop in revenues to change that. But it has become clear that since Moscow’s disastrous decision to invade Ukraine in February, the Russian military’s need to replace its own equipment, U.S.-led sanctions, and

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