Regardless of its errors in judgment, political blunders, and glaring lack of soft power, Russia will only be able to win in Ukraine if it has a military advantage. The conflict has significantly impacted European defence spending attitudes, which will likely lead to the next super cycle in budgetary defence spending. And with the countries continuing to provide Ukraine with armaments, European defence businesses’ order books are expected to witness a significant increase because of restocking.
The Super Cycle in European Defence Spending
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