European countries are facing price increases of up to 50–60% for defense procurement
17 May 10:11
Against the backdrop of rapidly rising defense spending in NATO countries and growing demand for weapons in Europe, prices for defense procurement have risen significantly—in some cases by 50–60% over the past two years, Estonian Defense Minister Hanno Pevkur said, as reported by "Komersant Ukrainian" citing Interfax-Ukraine.
According to him, the upward trend in prices is directly linked to increased procurement volumes and the limited production capacity of the defense industry. He emphasized that the price increases apply to the very same weapons that NATO countries purchased previously.
“Prices are rising… I am constantly discussing this with my national director of armaments,” the report states, quoting Pevkur.
The minister gave an example: when attempting to increase purchases of the same types of weapons that were bought two years ago, their cost has now risen by approximately 50–60% for certain items.
“What we’re seeing is that when we bought something two years ago, and now we want to increase the volume of what we were buying—the exact same items—the price has risen by about 50% or 60% for some items,” he noted.
The official also pointed out that rising prices are complicating defense planning in NATO countries, which are forced to simultaneously strengthen their own defense capabilities and maintain supplies to Ukraine amid Russia’s ongoing war against Ukraine, while the U.S. is shifting the focus of its policy.
Watch us on YouTube: important topics – without censorship
