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

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 story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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