India Has Increased Ammunition Sales to Ukraine's European Allies by 18 Times — Bloomberg
Indian manufacturers have significantly increased their ammunition shipments to European countries since the start of Russia’s full-scale invasion of Ukraine.
During this time, exports have increased nearly 18-fold compared to the four-year period before the war.
According to Bloomberg, which cites statistics from India’s Ministry of Commerce and Industry obtained through Trade Data Monitor, Indian companies have supplied at least $872 million worth of ammunition and related materials to Europe since the start of the Russian invasion.
These products include artillery shells, mortar rounds, rocket fuel, and explosives.
By comparison, during the four years prior to the start of the full-scale war, the total value of such exports amounted to $49.2 million. Thus, the value of these shipments has increased approximately 17.7-fold.
The growth in exports occurred against the backdrop of increasing demand from European countries for weapons and ammunition. After the start of the full-scale war, European countries faced the need to replenish their own military stocks and provide military aid to Ukraine.
At the same time, the data cited refers to exports to Europe as a whole and does not in itself indicate that all of these munitions were intended for Ukraine or were transferred to the Ukrainian military.
Source: Bloomberg
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