"In general, the chaos of war makes profiteering easier. " has nothing to do with making anyone safer," Mr Hartung said. He also accused companies of "pure profiteering" when it came to Ukraine, saying they are buying back their own share market stocks to boost the prices at a time when they claim they need more money. ![]() "They continue to arm repressive regimes like Saudi Arabia, Egypt, the Philippines and Algeria that have horrific human rights records and have engaged in destabilising activities," Mr Hartung said. ![]() Many believe the US arms industry doesn't have a great reputation. Meanwhile, some NATO countries are pushing for a greater defence commitment in response to the Ukraine conflict, saying the benchmark of 2 per cent of GDP should be the bare minimum. When President Biden made a secret trip Monday to Ukraine marking the anniversary of Russia's invasion of Ukraine, he declared that the United States is going to back Ukraine as long as it. has ramped up the weapons and intelligence it's providing to Ukraine despite early concerns about Russia's penetration of the Ukrainian government and existing concerns about corruption. The biggest contributor of military aid is by far the US with. Japan's major military reform plan will see it double defence spending to 2 per cent of GDP by 2027, using a spending target that follows the NATO standard. Unsurprisingly, the US has provided the most military support for Ukraine by a significant margin, based on the IfW’s numbers. It includes around 250 billion yen ($3.16 billion) to buy Lockheed Martin fighter jets. President Biden on Thursday signed a 1.7-trillion spending bill that will keep the federal government operating through the end of. ![]() Last month, Prime Minister Fumio Kishida said he was boosting Japan's 2023 defence budget by 20 per cent in the face of regional security concerns and threats posed by China and North Korea. Allies like Japan have also announced historic surges in defence spending.
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