We are caught in a terrible vicious cycle of arms import trap. The arms lobby is getting increasingly murderous. Here is the opportunity to unshackle and redeem ourselves.
So will the latest release have any impact on the ground? As of now, it seems that it will impact countries that are politically fragile (Ukraine, Pakistan), will result in loss of face for ruling dispensation (Iceland, United Kingdom), and will have negligible or little impact in counties like Russia and China.