Ukraine war boosts US weapons exports to record high
Image Credit: newsbytes
Overseas sales of the United States (US)'s weapons saw a significant increase in 2023, reaching a record total of $238 billion (approximately Rs. 19 lakh crore), BBC reported. This spike was fueled by an increased demand following Russia's invasion of Ukraine in 2022. According to the US State Department, the government directly negotiated $81 billion (approx. Rs. 6 lakh crore) in sales, marking a 56% increase from 2022.