Reading an article in the Guardian, Russia does not stand a chance in the medium term. So far Putin has been able to mask shortcomings in the economy with high oil prices. Imports though have plummeted through sanctions and Russia cannot obtain technology and other components to support its industries.
More importantly NATO is a $40tn grouping spending about 2% on defence industry. Russia is a 1.7tn economy which is declining and does not stand a chance of competing in the worlds economies.
More importantly NATO is a $40tn grouping spending about 2% on defence industry. Russia is a 1.7tn economy which is declining and does not stand a chance of competing in the worlds economies.
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