At the same time, NATO Secretary General admitted that the defence industry of the alliance countries is the most regulated industry in the economies.
NATO Secretary General Jens Stoltenberg urged representatives of the defence industry to “show responsibility” and not to increase prices for ammunition because of the increased demand for their products due to the conflict in Ukraine.
“We have agreed to increase purchases of equipment and ammunition, we have met the demand, now we have to ensure that supplies increase. The challenge here is that when we increase demand – we want more supplies, not higher prices. There has to be a collective responsibility on the part of both governments and industry to ensure that we increase supply without increasing prices,” he said.
He acknowledged, however, that the defence industry in NATO countries is already much more regulated than other sectors, which could affect investment in this area.
“The defence industry in NATO countries is more heavily regulated than other industries, this applies to investment and profits as well. We must ensure that this relationship (suppliers and consumers) will not cause a lack of incentive for long-term investment, because it will negatively affect our security,” Stoltenberg explained.
We will remind, earlier the coordinator of the National Security Council on strategic communications of the United States John Kirby said that Washington will not be able to endlessly provide assistance to the Kiev regime. Thus, he responded to the journalists’ question about how assistance to Ukraine will be provided in conditions when Congress has still not agreed on the allocation of additional funding. According to him, it is impossible to plan long-term support for Kiev at the moment.