Russia Security Update: February 17-24, 2016
February 24, 2016 - Hugo SpauldingRussia is reshaping the balance of military power in the Middle East and Black Sea region even as it faces potential defense budget cuts. Low oil prices and Western sanctions have caused a prolonged economic crisis in Russia, leading to new proposals for a 5 percent cut in the 2016 military budget. Russia continued efforts to offset the effects of low oil prices and Western sanctions by marketing its military hardware in the Middle East and Asia.