The Iranian regime’s exportation of weapons may have a larger effect on regional dynamics than its military procurement following the expiration of the UN arms embargo. Much discussion of the end of the 13-year UN arms embargo, which expired on October 18, has focused on Iran’s ability to buy advanced defense systems and weapons such as fighter jets and tanks. The embargo’s expiration has also created an opportunity for Iran to sell domestically produced weapons, however. Senior Iranian military officials are promising to sell more weapons than they buy.

Ideological and budgetary restrictions may limit Iran’s procurement from Russia and China. Iran’s foreign ministry has recently negotiated deals with both Russia and China that likely include weapons sales. The official responsible for Iran’s defense industries said Iran will aim to be a net exporter of weapons, however. Iran faces unprecedented economic constraints; the rial is valued at historic lows, and Iran’s foreign currency reserves are dwindling.

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Read the full analysis at the American Enterprise Institute.