Russia may be flexing its military muscle once again, sending warships into international waters and dispatching long-range bombers on reconnaissance trips, but the former superpower remains a paper tiger, according to a respected London think-tank.

The recent naval manoeuvres in the Mediterranean and Latin America were symbolic gestures – the former maritime giant was able to deploy only a small number of ships, while the rest of the fleet was anchored at home without enough money to keep it at sea, the International Institute for Strategic Studies (IISS) says.

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