Study: Embargo wouldn't hurt Russia

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Associated Press

Posted on July 27, 2014 at 8:01 AM

Updated Sunday, Jul 27 at 10:32 AM

LONDON (AP) — A report today in London says an arms embargo against Russia would be little more than symbolic -- because Russia is largely self-sufficient in supplying its armed forces.

The study was conducted by IHS Jane's, which provides analysis on the defense industry and security issues.

It says European Union countries last year exported $583 million in military equipment to Russia last year -- less than 1 percent of that country's total defense budget.

The issue of arms sales to Russia was questioned last week as the U.S. and EU debated tougher sanctions against President Vladimir Putin's government because of its support for Ukrainian rebels. Those rebels are believed to have fired the missile that brought down Malaysia Airlines Flight 17, killing all 298 people on board.

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