You will want to listen to this speech to gain a sense of understanding of working dynamics. What I believe Putin is saying here is that he wants to expand his military alliance and that includes the use of science and tech collaboration across allies. It is likely an attempt to shore up support for redrawing parts of the Iron Curtain and as a method of placing Russia as the center of that paradigm (i.e. Peter the Great comments and era of unipolar world). You can read in Ignoring Ukraine setbacks, Putin touts 'superior' Russian weapons exports.
The one thing that seems to be coming from this is that Russia would like to develop and sell more military equipment. They have a large international sales base and they are likely seeing that as a line of desperately needed revenue. Not to mention I suspect that international arms dealers have all types of ways to circumnavigate sanctions.
That being said, I think we might think about how we can create rapid innovation systems and in turn start to innovate many of our own industries; not necessarily all military (As an example robotics and wearable tech impacts many different industries form military to manufacturing.) We are now competing against China and Russia and will need to put on our A game (Why we need to find our focus and become much more bipartisan in thought and outcomes.)
As end producers of advanced products and manufacturing, we can see ourselves move to the center of the investment and manufacturing supply chain if we take the right steps. Matching new developments with a human capital push and universalization of institutions, we might be able to hedge our strengths in diversity to create unique advantages in the Digital Era that less free societies like China and Russia may not be able to quickly copy.
(Its just a theory and maybe not even a good one. Remember that economics is about human interaction and in turn when you have the right people and resources in the right place you might be able to find economic synergy.)
Let us see where all this goes and keep our eyes on the horizon.
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