RUSI JournalVolume 162Issue 5members only

Does Russia Have the Fiscal Capacity to Achieve its Military Modernisation Goals?


This article adds to existing research by using quantitative scenarios and counterfactual analyses of Russia’s fiscal conditions under different assumed levels of ambition for defence procurement spending.

Defence economist Edward Hunter Christie sheds light on the extent to which Russia’s economic trajectory may enable or constrain its military modernisation goals.

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