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
DataKey Takeways
- The Russia-Ukraine war has given a stern warning to all European countries and other countries globally to strengthen their military capabilities.
- The Russian invasion of Ukraine has had a profound impact on European security
- There has been a complete shift in political willingness to increase the defence sector’s budget spending.
- Autonomous capabilities powered by AI will aid in updating defence capabilities and speeding up decision-making
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