Profits of War: Global Arms Sales Reached $590+ Billion Ahead of Ukraine Conflict

Global arms sales rose by nearly two percent in 2021 ahead of the Ukraine conflict, an international arms sales watchdog noted Monday. The 12-month jump represents the seventh consecutive year of increases.

In dollar terms, arms sales in 2021 reached $592 billion, up 1.9 percent overall which was higher than the previous period but lagged behind for the four years leading up to the coronavirus pandemic.

While the war in Ukraine has increased demand, supply chain restrictions driven by the same conflict have impacted supply, not least because Russia is a major supplier of raw materials used in arms production, AP reports.

This confluence of supply and demand could hamper efforts in the U.S. 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 (SIPRI) outlined.

As Breitbart News reported, the U.S. has sent more than $19.7 billion in weapons and other equipment drawn from DoD stocks since the conflict began on Feb. 24.

Critics of Washington’s open-ended supply of material have already queried how long it can maintain the supply of arms, with current U.S. spending more than all military-related spending by the United Kingdom and almost twice as much as France spends each year.

As arms and lethal weaponry flow to Ukraine, replacing spent items will still take time if not money.

“Increasing output takes time” said Diego Lopes da Silva, a senior researcher with SIPRI, adding 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.”

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