"NATO's Battle Against Rising Ammunition Prices Hinders Security and Calls for Private Investment"
A top NATO military official has expressed concern over the rising prices of ammunition, stating that increased defense spending does not necessarily lead to greater security. The official called for more private investment in defense companies to ramp up production capacity and urged pension funds and banks to view defense investments as strategic rather than unethical. The shortage of 155mm artillery rounds has been a major concern, with Ukraine firing up to 10,000 shells per day. The official emphasized the need for long-term stability and highlighted the impact of the war on Ukraine's economy. Despite the ammunition shortage, there is no correlation between the shortage and the progress of the counteroffensive in Ukraine. NATO is planning its largest collective defense drills since the Cold War in 2024.