Yes, their export market has indeed collapsed. They hardly export arms, anymore, and nothing really innovative, and they have to sell their energy at a massive discount, despite its supply dwindling and refineries being taken offline. Their oil tankers also need to take longer routes, driving up transportation costs, to avoid Ukrainian drones.

At first, they switched to the Chinese and Indian markets, but those economies are slowing down and need less energy, and they both now prefer to build their own arms.