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Typical Russian solution to their inability to make good jet engines and light avionics. In terms of useful capability, Tu-160 should sit alongside the B-1B, but it's a good 20% heavier empty. Relative to the economy, it's also even more expensive than a B-2, so on any given day the VVS is doing well if it has half a dozen of them in a combat ready condition.
...then again...
(back to swing wings)