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In reply to the discussion: Ukraine's Poroshenko signs EU accord [View all]Xolodno
(7,378 posts)Yes...arms exports. Which was their bread and butter during the cold war...and since its end, the US MIC has profited greatly due to little competition. They know they can compete on arms...so that's where they are headed. They haven't been devoted to making tractors since Hitler invaded...they don't know any other industry other than arms manufacturing (and I'm betting the US MIC is not happy about this).
Other than exporting Stolyichnya and Russian Standard, they haven't known much of a peace time economy (nor has the USA...how many awesome Zenith or RCA TV's have you heard about?). Arms export is the safe bet for now. Putin is not going to be in charge forever, Medvedev has shown to be more pragmatic and as you alluded to, they have plenty of smart people. Sooner or later, an industry there will rise that won't be energy or arms (assuming a nut job doesn't take power)...and they have been making all the right friends...the EU (hence why the EU had to hold its nose when implementing the sanctions...then again, they may be circumventing those right now), China, India, Brazil, etc. You can't expect a nation that was in economic tatters (couldn't even afford to feed its military) and indebted to the IMF to be a jewel in Europe in 16 years.
I don't see Russia becoming Soviet Union 2.0, they know all to well it failed. But the nation I do see following the Soviet Union tracks?....the one I'm living in.