Tag

Military Industrial Base

All articles tagged with #military industrial base

"EU's Ambitious Defense Plans Face Skepticism Amid Funding Challenges"
international-relations1 year ago

"EU's Ambitious Defense Plans Face Skepticism Amid Funding Challenges"

The European Commission has proposed a €100 billion defense fund aimed at bolstering the bloc's military capabilities in response to Russia's aggression, with the plan facing skepticism from some European leaders. The fund, known as the European Defence Investment Program (EDIP), seeks to reduce the E.U.'s reliance on foreign military suppliers, particularly the United States, and redirect a significant portion of Europe's defense spending towards building up its own military-industrial complex. While some leaders, like French President Emmanuel Macron, support a more centralized approach to E.U. defense, others, such as German Defense Minister Boris Pistorius, have expressed doubts about the practicality of the proposal.

"US Treasury Targets Over 150 Entities Supporting Russia's Military-Industrial Complex with Sanctions"
international-relations2 years ago

"US Treasury Targets Over 150 Entities Supporting Russia's Military-Industrial Complex with Sanctions"

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on over 150 individuals and entities from various countries for materially supporting Russia's military-industrial base and its war in Ukraine. The sanctions target third-country actors involved in supplying Russia with machine tools, equipment, and key inputs, as well as those facilitating Russian military procurement networks. The Department of State has also imposed sanctions on over 100 entities and individuals complicit in sanctions evasion and supporting Russia's war efforts. The actions aim to tighten the vise on third-country suppliers and networks that provide Russia with the resources it needs to sustain its military-industrial base.