Russia’s Industry Surges as Putin Seeks to Feed War Machine
- War-related industries to boost 2023 output by almost a third
- Production spike comes as other industries have slowed
A tank factory in Nizhny Tagil, Russia.
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Russia’s war-related industries are booming with military production expanding at a double-digit pace as the Kremlin continues to press its invasion of Ukraine.
Industries providing goods for the military are expected to increase their output by almost a third in 2023, according to government forecasts seen by Bloomberg News that cover the next three years. The output for products such as computers, electronics and optics — a category that includes among other things parts for aircraft and rocket engines, as well as optical sights — are projected to grow by 34% compared to the previous year.