Check out my new book "How Ukraine Survived": https://amzn.to/47gnlEf. You can also read it for free by signing up for a Kindle Unlimited trial at https://amzn.to/3QMsBr8. (I use affiliate links, meaning I earn a commission when you make a transaction through them. Even if you read for free, you are still supporting the channel.) Not long ago, the Russian arms export industry was prestigious and profitable. Now, deep into the war with Ukraine, it is facing substantial challenges. This video examines how the arms export industry works, both economically and politically. It then connects the actions of the invasion to the pain points Russia is currently facing. We also explore how two competitors in the industry---the United States and China---are trying to take advantage of the situation. 0:00 Challenges for Russia's Arms Industry 1:50 Arms Exports as Policy Influence 9:01 The Virtuous Cycle of Arms Exports 12:19 Russia's Problems: Bad Results and Economic Instability 18:31 Problems Offering Financing 19:57 What's the Damage to Russia? 23:49 How the U.S. Is Taking Advantage 25:21 How China Is Taking Advantage The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement. Media licensed under CC BY 2.0 (https://www.creativecommons.org/licenses/by/2.0/): By Secretary of Defense: https://www.flickr.com/photos/secdef/53410045576/ Media licensed under CC BY-SA 2.0 (https://www.creativecommons.org/licenses/by-sa/2.0/): By Ukraine Ministry of Defense: https://www.flickr.com/photos/ministryofdefenceua/35641240354/ Media licensed under CC BY 4.0 (https://www.creativecommons.org/licenses/by/4.0/): By Kremlin.ru: http://tours.kremlin.ru/tour/senate/ http://en.kremlin.ru/catalog/keywords/78/events/50329 http://en.kremlin.ru/events/president/news/50770 http://www.kremlin.ru/catalog/persons/67/events/54087 http://en.kremlin.ru/catalog/regions/ROS/events/56771 http://en.kremlin.ru/events/president/news/57436 http://en.kremlin.ru/events/president/news/57506 http://en.kremlin.ru/events/president/news/58104 http://kremlin.ru/events/president/news/58502 http://en.kremlin.ru/events/president/news/58722 http://en.kremlin.ru/events/president/news/60490 http://en.kremlin.ru/events/president/news/60747 http://en.kremlin.ru/events/president/news/61732 http://en.kremlin.ru/catalog/countries/BR/events/62038 http://en.kremlin.ru/catalog/persons/351/events/62039 http://en.kremlin.ru/events/president/news/62325 http://en.kremlin.ru/events/president/news/65973 http://en.kremlin.ru/events/president/news/67365 http://kremlin.ru/events/president/news/67828 http://kremlin.ru/events/president/news/68366 http://en.kremlin.ru/events/president/news/68702 http://kremlin.ru/events/president/news/69060 http://kremlin.ru/events/president/news/69390 http://kremlin.ru/events/president/news/70098 http://kremlin.ru/events/president/news/70674 http://kremlin.ru/events/president/news/71269 http://kremlin.ru/events/president/news/72034 http://en.kremlin.ru/events/president/news/72100 http://kremlin.ru/events/president/news/73084 http://kremlin.ru/events/president/news/73259