Russia’s shell output soars as it prepares for ‘next war’, warns Estonia

Market Intelligence Analysis

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Why This Matters

Russia's military production has seen a significant increase, with shell output rising to 7mn last year, indicating a potential escalation in military preparedness.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Factories produced 7mn shells, mortar rounds and rockets last year, up from 4.5mn in 2024

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Full article on Financial Times
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Original article published by Financial Times on February 10, 2026.
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