Russia Flexing Its Military Muscles
Defense Spending Grew 25% Last Year; Russian Arms For Sale To Highest Bidders
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Play CBS Video Video Russian Arms Hit World Stage
Russia makes a strong showing at London's international arms fair for the first time in years, attracting potential buyers dangerous to the U.S. Elizabeth Palmer reports.
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A stand displays a sign post with distances to destinations during the Defence Systems and Equpment International (DSEi) exhibition at the Excel Centre on September 11, 2007 in London, England. (Getty Images)
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And earlier this summer, Russia resumed long-range bomber patrols into NATO-controlled airspace for the first time since the collapse of the Soviet Union. That has prompted Britain's Royal Air Force to scramble fighter jets.
This is all part of a Russia's new swagger on the world stage. Flush with oil and gas money, its defense budget has grown by almost 25% this year.
The country's muscle-flexing mirrors the style of its alpha-male president Vladimir Putin, who stripped off for the cameras on a recent hunting trip to Siberia.
But, as CBS News correspondent Elizabeth Palmer reports, Russia's military expansion isn't just for home consumption.
At London's international arms fair this week, Russia had a booth for the very first time, selling everything from automatic weapons to anti-aircraft systems.
So far, business has been brisk with clients from all over the world.
Some of the Russian weapons on sale are really just souped-up old Soviet technology, but some - like the new Sukhoi fighter jets - are cutting edge.
Eager customers include the leaders of countries the U.S. would prefer not to see well-armed: like Presidents Mahmoud Ahmadinejad of Iran and Hugo Chavez of Venezuela.
Russia "is keen to keep its customers purchasing because it's a massive boost for its own defense industry," said Matthew Celements, an editor for Jane's Defense Weekly. "It's also to a degree saying, 'we're not going to let the West interfere with what our defense decisions are, we're gonna sell to who we want to because we're not a slave to the West.'"
Russia is not an enemy to the West either... at the moment anyway. So for now, its more interested in projecting might than picking fights.
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Our leaders in America projected their own greed onto all other nations, and assumed that they too could be controlled with the all-mighty dollar.
imperialism i am counting on eyropeans and they know it .
This is how the world has responded, by upping their defense budgets, bringing us closer to WWIII.
Way to go, neocons!!!