Global Military Spending - NEWS ONLY

How the war in Ukraine is reviving Russia's rustbelt (ft.com, registration or subscription may be required)
Excerpt:
As Russia braces for a long war, state orders to arm, fuel, feed and clothe the army are injecting vast sums of money into the economy.

This has led to a boom where many expected western sanctions to deal a painful blow: Russia’s economy is forecast to grow 3 per cent this year, far above the US and most European states.

The effect is most pronounced in rustbelt regions such as Anton’s Chuvashia in central Russia, which is home to 1.2mn people and where Soviet factories have been revived and are working around the clock to supply the war.

“Some of the most underperforming regions have suddenly started to grow. Manufacturing regions, areas where there is a lot of defence and related industry,” said political scientist Ekaterina Kurbangaleeva.

“The most under-developed regions and the low-income segments of the population are the ones that are winning,” Kurbangaleeva said. “That’s where the money is going.”

Understanding the experience of regions like Chuvashia is critical for forecasting Russia’s long-term ability to sustain its war of attrition against Ukraine, both economically and politically, analysts say.
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Grey Havoc said:
www.telegraph.co.uk

It is time for Europe to panic

Under a Trump-Vance administration, there is a very real chance that the Continent will be standing alone against the Russian threat
www.telegraph.co.uk www.telegraph.co.uk
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And Taiwan it seems:

https://twitter.com/x/status/1813412649717424342
View: https://x.com/John_Hudson/status/1813412649717424342

www.theguardian.com

Trump says Taiwan should pay the US for its defence as ‘it doesn’t give us anything’

Trump’s interview with Bloomberg will call into question Washington’s support for the island democracy should he win back the White House
www.theguardian.com www.theguardian.com
 
From the DT piece:
Germany hopes Ukraine will be able to meet the bulk of its military needs with the £38.4 billion in loans from the proceeds of frozen Russian assets agreed by the Group of Seven (G7), and that funds earmarked for armaments will not be fully used.
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The clash of hope and what reality will bring - wait and see.
 
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*Sigh* This would only lead to money being paid to the US that could be spent on Taiwan's own defence, which would mean the US having to do more to defend them, where is the net gain?

www.spacewar.com

Trump says Taiwan 'should pay' US for defence against China

Taipei (AFP) July 17, 2024 - Taiwan should pay the United States for defence, US presidential candidate Donald Trump said in a wide-ranging interview that has cast doubt on the relationship between Washginton and Taipei should he be re-elected in November.
www.spacewar.com
 
bobbymike said:
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There's a difference between not supporting independence and not being willing to defend its full autonomy. There is literally nothing to gain from an independent Taiwan except a name plate in front of a seat at the UN. And in exchange for that nameplate you most likely get a war, which is a hell of a price to pay for a name plate. Even Taiwan doesn't want that:

www.heritage.org

Is Taiwan About To Declare Independence? Not Exactly

In May, Taiwan will inaugurate a new president. Current vice president Lai Ching-te's victory in the January election met with strong approval in Washington, but many harbor concerns about the president-elect's history of pro-independence rhetoric.
www.heritage.org www.heritage.org
In addition, a formal declaration of independence would be so unpopular with Taiwan's voters that it's hard to imagine any politician or party pursuing it. According to opinion polls, only 4.5 percent of Taiwan's public supports an imminent declaration of independence, while 88 percent support preserving the status quo, at least for now.
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