FT – Russia scours China for second-hand machine tools needed to make arms
Lead story
Russia is scouring China for second-hand machine tools using shadowy networks of buyers, as the Kremlin races to secure vital equipment to increase arms production. Moscow’s covert strategy for obtaining precision machinery, uncovered by researchers, attempts to sidestep increasingly restrictive western sanctions and export controls that aim to stunt manufacturing for the military.
- Russia scours China for second-hand machine tools. Shadowy buyers for Moscow’s defence industry source old western-made machinery. [https://www.ft.com/content/944dfd76-eb9d-4746-9695-fe5b15230bd8]
- Nvidia vaults past Apple and Microsoft to become world’s most valuable company. [https://www.ft.com/content/1ec5523a-80ec-47ba-9f71-8765b4ae4577]
- UK inflation hit Bank of England’s 2% target in May. [https://www.ft.com/content/87e15930-b81d-4ce5-9e73-33e2b05548cb]
