'The Russian Defence Market was Worth $47.10bn in 2010' Says visiongain Analyst

The Russian defence market is set to expand considerably over the next decade, with the Russian authorities seeking to modernise and improve the capabilities of the Russian armed forces, and to cement Russia's place as a leading military nation.

The visiongain author of The Russian Defence Market 2011-2021 commented "Although traditionally Russia's defensive needs have been near exclusively fulfilled internally, a policy of economic liberalisation pushed forward by Medvedev means that the defence market in Russia is starting to open up.

Joint ventures look to offer firms the greatest opportunities within the market, especially in connection to research and development, as Russia attempts to modernise its armed forces to elite standards over the coming years.

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