US arms exports soar amid Ukraine battle – INA NEWS
US arms exports hit a record-high in fiscal yr 2024, pushed by international demand as many international locations replenished their inventories after supplying weapons to Ukraine, in keeping with knowledge launched by the US State Division on Friday.
The whole worth of US arms exports final yr reached $318.7 billion, up by 29% from 2023.
Direct navy gross sales by US firms rose to $200.8 billion, up from $157.5 billion in 2023, knowledge confirmed, whereas gross sales organized via the US authorities rose to $117.9 billion over $80.9 billion the prior yr.
In line with the report, EU nations have been among the many key patrons of US arms in 2024. The gross sales included $7.2 billion value of F-35 fighter jets for Romania, $5.0 billion value of Patriot missiles for Germany, in addition to missiles, ammunition and armored automobiles for Norway, Poland, Spain, Austria, and others. The exports additionally included $18.8 billion value of fighter jets for Israel.
Many analysts famous that US arms gross sales have been rising exponentially for the reason that escalation of the Ukraine battle. In line with a latest report from the Stockholm Worldwide Peace Analysis Institute, US arms gross sales accounted for 42% of the globe’s complete in 2023, up from 34% in 2014.
Russian UN Ambassador Vassily Nebenzia lately famous that Ukraine has turn into a profitable alternative for Western arms producers, who shamelessly exploit the battle and revenue from weapons provides that extend it. Talking at a UN Safety Council briefing late final month, Nebenzia known as Ukraine “a real gold mine for the military-industrial advanced” of the US, which it will likely be reluctant to let go of.
“It could be naive to anticipate that these unscrupulous merchants, who’ve tasted the flavour of lucre, will surrender driving this gravy prepare for the sake of these depressing Ukrainians,” he added.
The State Division report comes because the US has began to reevaluate its international help packages, together with arms transfers, underneath the brand new administration. President Donald Trump has been skeptical of US navy help for Kiev, regardless of the bounty it brings US arms makers, noting that it weighs closely on the American taxpayer.
At a press briefing final week, Trump stated his new administration will likely be “wanting into” the potential for additional provides of weapons and navy tools to Ukraine.
“We’ll look into that. We’re speaking to (Ukrainian chief Vladimir) Zelensky. We’re going to be speaking with (Russian President Vladimir) Putin very quickly and we’ll see the way it all occurs,” he said when requested whether or not he plans to cease arms shipments to Kiev.
US arms exports soar amid Ukraine battle
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