Ukraine: the world’s defence giants are quietly making billions from the war

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Ukraine: the world’s defence giants are quietly making billions from the war: The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half trillion dollar (£381 billion) defence industry supplying the weapons to both sides, and the substantial profits it will make as a result. The conflict has already seen massive growth in defence spending. The EU announced it would buy and deliver €450 million (£375 million) of arms to the Ukraine, while the US has pledged US$350 million in military aid in addition to the over 90 tons of military supplies and US$650 million in the past year alone.

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