Arms production and sales continue to grow steadily
Hello dear readers, I would like to take this opportunity to share with all of you the lurid data on violence, I am referring to the data published by the Stockholm International Peace Research Institute (SIPRI) on how the war between Russia and Ukraine has increased the demand for firearms this year.
According to SIPRI, the war in Ukraine has increased demand for firearms this year by 2%, but the conflict may also lead to a supply challenge, especially as Russia is a major supplier of raw materials used in arms production.
That could hamper U.S. and European efforts to bolster their armed forces and replenish their stockpiles after sending billions of dollars in munitions and miscellaneous equipment to Ukraine, according to the institute.
The data also highlights that there are reports that Russian companies are increasing production due to the war, but have struggled to obtain semiconductors and are affected by sanctions related to the war. It gave as an example one company that, it said, has been unable to receive payments for some of its arms deliveries abroad.
In its report released Monday, SIPRI said many parts of the industry were affected by pandemic-related disruptions to global supply chains in 2021, including delays in global shipping and a shortage of vital components.
SOURCES CONSULTED
EuroNews Ukraine war: Arms made at pace ‘highest since Cold War’ as Europe’s east aids Kyiv. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Mytwintiers.
This is sad to hear because inflation continues to rise in many countries. Yet production and trade of ammunition is on the rise. that's sad
In the war two country fights but there is third party who earn money and this is reality. This is sad reality that world's big leaders can do anything for their own profit they want to sell their weapons. I have just worried about innocent lives.