City
Epaper

US foreign arms sales increase significantly in fiscal 2022 due to military support for Ukraine

By IANS | Updated: January 28, 2023 03:25 IST

Washington, Jan 28 US foreign arms sales grew significantly in fiscal year 2022, according to data released by ...

Open in App

Washington, Jan 28 US foreign arms sales grew significantly in fiscal year 2022, according to data released by the Department of State, which attributed the increase mainly to US military support for Ukraine during the latter's conflict with Russia.

The total value of State Department-authorised government-to-government foreign military sales was $51.9 billion in fiscal 2022, the 12-month period ending September 30, 2022, up 49.1 per cent from the previous fiscal year's $34.8 billion, the data showed.

The so-called direct commercial sales, or sales of weapons and military equipment to foreign governments by US defence contractors, also ticked up in fiscal 2022, increasing 48.6 per cent to $153.7 billion, compared to $103.4 billion in fiscal 2021, Xinhua news agency reported.

At the end of fiscal 2022, 14,445 entities were registered with the Directorate of Defence Trade Controls to conduct defence trade activities, which is a slight increase from fiscal 2021, the department said in a press release dated Wednesday.

The State Department attributed the spike to continuous US provision of military assistance to Ukraine amid the ongoing conflict between Ukraine and Russia, while claiming that "arms transfers and defence trade are important tools of US foreign policy".

According to the Defence Department's latest update released Wednesday, the US has more than $27.1 billion in security assistance for Ukraine since the Russia-Ukraine conflict broke out on February 24, 2022.

The 2022 arms sales numbers are potential deals the State Department has notified Congress, not the final sales, meaning some of the transactions may be refused by Congress, thus forcing the administration to engage in further negotiations.

As far as the destinations of those sales are concerned, they cover US allies and partners in Europe, as demands for US weapons soared especially in NATO countries, and in the Asia Pacific and the Middle East regions.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: usasiaXinhuaDepartment Of State
Open in App

Related Stories

InternationalIdaho Shooting: 2 Shot at Shoshone County Sheriff's Office in Wallace; Suspect Killed

Social ViralSanta Spotted in US Skies? Netizens Report Red Sleigh Seen Over Multiple Cities (Watch Videos)

InternationalNorth Carolina Plane Crash: Retired NASCAR Driver Greg Biffle and Family Among Seven Killed in Statesville Jet Crash

International'Warrior Dividend': Donald Trump Announces $1,776 Christmas Bonus to Active US Soldiers

BusinessUS Stock Exchange Nasdaq Moves Toward 24-Hour Trading, How Will Impact on Indian Share Market

Politics Realted Stories

MumbaiWho Is Tejasvee Ghosalkar? Shiv Sena UBT Leader and Former Corporator Joins BJP Ahead of BMC Polls

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days