The Developments in the Arms Market in the Context of the Military Conflict in Ukraine

Abstract

The military conflict provoked by the Russian Federation in Ukraine has created major imbalances in international security. In this fluid and unpredictable security environment, the defence industry has reacted promptly, increasing production and export of military equipment and modern weapon systems to counterbalance the aggressive actions of the Russian Federation. The data analysed indicate the Russian Federation’s continuing concern to make significant defence investments, including in the defence complex, which reveals its interest in continuing the military conflict in Ukraine. As for the Euro-Atlantic states, they are trying to counter the threat posed by the Russian Federation by supplying Ukraine with high-performance military equipment, while investing in their militaries to supplement the weapons supplied to Ukraine. After the outbreak of the military conflict in Ukraine, Romania has managed to increase its exports of arms and ammunition, creating favourable conditions for profitable partnerships with large companies in the Euro-Atlantic area. At the same time, Romania has increased its defence budget allocation to 2.5% of GDP, and there are discussions to further increase this percentage in the coming period. A substantial part of this budget allocation is earmarked for the procurement of modern military equipment to NATO standards for the Romanian armed forces.