According to reports from the Kremlin, the Russian Navy will receive 12 surface warships and four submarines in 2024 – while it also claimed to achieved total import substitution in the construction of those vessels.
The Resurgence of the Russian Navy is Already Underway - The United States has increasingly put a focus on the size of the People's Liberation Army Navy (PLAN), which is now the largest naval force in the world. However, it may not just be China that should be seen as a potential concern.
According to reports from the Kremlin, the Russian Navy will receive 12 surface warships and four submarines in 2024 – while it also claimed to achieved total import substitution in the construction of those vessels. Import substitution industrialization (ISI) is a policy that has been typically enacted by developing countries with the intention to enable domestic development and self-sufficiency through the creation of an internal market. However, Russia faced international sanctions following its unprovoked invasion of Ukraine nearly two years ago. READ MORE...
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