The future of the Russian military and defense industry is not bright, despite glowing press reports about its weapons and personnel in action. Recent events have revealed critical and glaring defects in Moscow’s military might. For example, news reports about a Russian naval squadron’s visit in Venezuela would lead one to think that the Cold War is back. That hardly is the case.
Russia dispatched four ships to participate in a joint exercise with Venezuelan President Hugo Chavez's military. Two are combat vessels: the nuclear-powered cruiser Peter the Great and the destroyer Admiral Chabanenko. The other two vessels were described vaguely as support ships. Three Venezuelan frigates joined the Russian ships for the exercises, dubbed "Venrus 2008," according to Russian TV.
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