How Russia-Ukraine war is boosting US economy, defense industry https://ift.tt/gtfYjJe

India faces criticism for profiting from Ukraine war through purchasing Russian oil. The US economy benefits from the war, with defense contractors like Lockheed Martin seeing gains. Global defense spending has increased, and there is a shift towards strengthening defense collaborations. The USA’s arms exports grew by 14 per cent between 2013–17 and 2018–22 and its share of total global arms exports rose from 33 per cent to 40 per cent.

from Times of India https://ift.tt/EgarmDX