2023-09-17 09:06:27
September 17, 2023
Baghdad / Obelisk Event:
The head of the NATO Military Committee, Admiral Rob Bauer, warned yesterday, Saturday, that increasing the size of the allies’ defense spending will not necessarily lead to enhancing security due to the sharp rise in the prices of weapons and ammunition.
“The prices of equipment and ammunition are rising sharply,” Power said after a meeting of NATO defense ministers in Oslo. “We are currently paying more for exactly the same amount.”
“This means that we cannot guarantee that increased defense spending will actually lead to greater security,” he added.
Bauer called on the private sector to invest more in the defense sector to increase production capacity.
Urge pension funds and banks to stop describing defensive investments as unethical.
“Long-term stability precedes, in priority, short-term profits,” he said. As we saw in Ukraine, war is an entire societal event,” he said, adding that such investment is in the strategic interest of the private sector as well.
He said, “40 percent of the Ukrainian economy evaporated in the first days of the war, and most of that was private sector money, and that money has disappeared,” according to Reuters.
However, he noted that there was no correlation between the ammunition shortage and the hard-won progress of the counter-offensive in Ukraine.
He added, “The reason it takes time is that it is very dangerous, as there is a huge amount of mines in a very deep minefield, more than 10 kilometers, that is, 5 or 6 mines per square meter.”
He pointed out that Ukraine is still advancing between 200 and 300 meters daily.
NATO Secretary General Jens Stoltenberg had ruled out, earlier on Saturday, that there would be a quick end to the Ukrainian crisis.
In an interview with German media, Stoltenberg warned of the necessity of preparing for a long-term war in Ukraine.
He said that everyone hopes for a quick peace.
It must be realized that if President Volodymyr Zelensky and the Ukrainians stop fighting, Ukraine will cease to exist.
Obelisk – follow-up – agencies
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