NIZHNIY TAGIL, Russia—President Vladimir Putin’s promise to boost arms spending should have been a boon for this hardscrabble factory town, famed for making the heavy tanks that destroyed Nazi panzers in World War II.
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Russian President Vladimir Putin (L) listens to Andrei Terlikov, the head of the Ural Transport Machine Building Design Bureau, as they walk past military vehicles at the Uralvagonzavod factory in the Ural's town of Nizhny Tagil on Nov. 25, 2015.