new Delhi: Ukraine and Russia met for four hours on Tuesday (March 29, 2022) in Istanbul for a new round of peace talks, with Kyiv calling for a ceasefire without compromising its sovereignty or territorial integrity. Later, the Russian military announced that it would “radically” reduce operations near the Ukrainian capital and a northern city. Both sides lowered hopes of a quick success. The widespread devastation of life and property has left millions in grief, however, it has acted as a money-printing machine for arms and ammunition companies.
In today’s DNA, Sudhir Choudhary, Editor-in-Chief of Zee News, analyzes how war has become an industry and how arms makers across the world are filling their coffers while millions of innocent lives are being lost everyday .
As soon as the Russian invasion of Ukraine began, the shares of many weapons companies belonging to Western countries increased manifold.
Shares of Lockheed Martin, a US-based company that supplies arms to various countries of the world, including Ukraine, rose 27 per cent in a month to USD 453 from USD 355 due to the ongoing war between Ukraine and Ukraine. has gone. Russia.
Whenever a building collapses, the stock of these weapon makers goes up. The longer the war between Ukraine and Russia lasts, the more these arms companies will benefit.
Similarly, it has been observed that the shares of other Germany-based arms maker Rheinmetall have gained 143 per cent in the last two months. Notably, neither Ukraine nor Russia buys weapons from this company, but the fear of war has helped this company’s share prices reach historic levels.
Recent developments in Ukraine have worried many other countries as well. Nowadays no country wants to compromise with the national security and this has prompted them to announce an increase in their defense budget. This step has been taken by Romania, Sweden, Denmark, China and Poland. In fact, countries like Britain, France and Canada are also considering increasing their defense budget.
This arms industry is worth about 38 lakh crores in the whole world. This makes one wonder what will happen when all these countries increase their defense budget and spend more money on weapons?
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