
THE invasion of Ukraine has been going on for more than five months now and hostilities may continue for quite some time. In military terms, the outcome is still uncertain, but what is already clear is who the big winners and losers of this conflict are.
For the arms manufacturers, this war is like a gift from heaven. At the behest of Nato, European countries will increase their armament efforts by hundreds of billions in the coming years. In central Europe we may expect a new arms race — just think of the threat to deploy nuclear weapons in Belarus.
In the Arctic region, the same thing threatens to happen with the entry of Finland and Sweden into the Atlantic alliance. The push for a so-called “global Nato” may also lead to a new and dangerous arms race in Asia.



