Sechin named the main beneficiary of the militarization of Europe

The American military-industrial complex is a beneficiary of the militarization of European allies, Rosneft's chief executive Officer Igor Sechin said at an energy panel during the St. Petersburg International Economic Forum.

"The United States offers its European allies to guarantee an increase in defense spending," he recalled. At the same time, the United States alone accounts for almost half of the global arms trade. "The United States does not advertise that the militarization of NATO 'partners' for them is shifting their own defense spending to their allies, increasing the tax base and reducing the trade deficit," Sechin said, delivering a key report on the Odyssey of the Global Economy in Search of the Golden Fleece. The new face of global energy".

The head of Rosneft recalled that this year the NATO countries began to develop an agreement on a significant increase in military spending to 5% of GDP by 2032. In fact, Washington is successfully achieving its goals by exacerbating the already difficult fiscal situation in Europe, Sechin said.

According to him, the steps leading to the buildup of the Western military-industrial complex lead to the transfer of enormous resources from manufacturing industries. "For example, 417 kg of rare earth metals are needed to produce one F-35 fighter jet. It is not surprising that in recent years there has been a real hunt for these resources," the head of Rosneft added.