Despite Pitfalls, Russia’s Military Modernization Effort Should be Taken Seriously by Editorial Staff | May 23, 2014 | Alliances, China, Daily Rapid Fire, Europe - Other, Fuel & Power, Russia, Scandals & Investigations, USA* The Economist notes that “money and reform have given Russia armed forces it can use.” There are serious remaining weaknesses, and Russia may not sustain this forever, but with more than 20% of public spending dedicated to defense, the current...