Report: Ukraine war ups arms sales but challenges lie ahead
Global arms sales have grown by nearly 2%, chiefly because of the war in Ukraine
STOCKHOLM (AP) — Global arms sales increased by nearly 2% in 2021, the seventh consecutive year of increases, an international arms sales watchdog noted Monday.
It added that the war in Ukraine had increased demand for weapons this year, but the conflict may also lead to a supply challenge, not least because Russia is a major supplier of raw materials used in arms production.
That could hamper efforts in the United States and Europe to strengthen their armed forces and replenish their stockpiles after sending billions of dollars’ worth of ammunition and other equipment to Ukraine, the Stockholm International Peace Research Institute, or SIPRI, said.
“Increasing output takes time” said Diego Lopes da Silva, a senior researcher with SIPRI, adding that if the supply chain disruptions continue, “it may take several years for some of the main arms producers to meet the new demand created by the Ukraine war.”