The recent surge in military spending in Europe over the perceived threat from Russia helped shares in Thyssenkrupp Marine Systems (TKMS) pop in its initial public offering after Thyssenkrupp AG, the German conglomerate, spun off 49 percent of the unit that rewarded shareholders with one share for every 20 of their previously owned shares in the parent company.
Boris Pistorius, the German defense minister, announced last week that the country plans to spend €10 billion on military drones in part of its effort to revamp its armed forces in the face of what it sees as a new threat.
The Trump administration has been providing the Ukrainian military with intelligence to help it carry out massive strikes on Russian energy infrastructure with the hopes of forcing Russian President Vladimir Putin to the negotiating table, the Financial Times reported on Saturday.
Poland has ramped up its military spending over what it sees as Russia’s uncontained aggression in the region and sees itself as the possible front in a wider war with Moscow.
The decision made by Berlin to go with Christian Freuding as the country’s new Inspector of the Army is the latest sign that Germany is preparing for a direct war with Russia, according to WSWS.
German Chancellor Friedrick Merz addressed an audience in Düsseldorf last week and said while Berlin is not technically at war, it should be noted that the country is also “no longer at peace either,” which WSWS said is essentially a “declaration of war.”
Russia has depended on its oil reserves to keep its war on Ukraine, and its economy, functioning for almost four years. Now Western sanctions and heavier production from those reserves to fuel the war machine are beginning to drain that natural resource.
The European Union announced last week that it will implement new sanctions against Russia that target its energy sector, which is seen as the main driver of Moscow’s war funding.
The Kremlin on Monday rejected the claim from Estonia that three of its MiG-31 jets violated its airspace for up to 12 minutes before fleeing, prompting NATO allies to accuse Moscow of becoming bolder as the war in Ukraine drags on.
U.S. President Donald Trump is growing more frustrated with the lack of a peace deal in Ukraine and is prepared to escalate his sanctions war against Moscow as long as Europe stops buying Russian crude.