US News

German arms exports down by a quarter in 2020

Published by

Following a record 2019, export licences for German military equipment fell by more than a quarter last year, as revealed in the Arms Export Report for 2020, which the Cabinet approved on Wednesday. According to the report, the government allowed the export of weapons and military equipment worth 5.82 billion euros (7.06 billion dollars), 27 per cent less than the 8.015 billion euros in the previous year. The Economy Ministry had already announced the figures at the beginning of the year. With the 140-page export report, the government is fulfilling its duty to create a certain transparency ab…

Read More

Facebook Comments

Check Also

High-stakes Christmas looms as surging toy demand meets supply-chain snarls

Published by Reuters By Richa Naidu and Lisa ...