Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
The United States of America is offering its European allies to guarantee increased defense spending, the beneficiary of which is the American military-industrial complex, said Rosneft CEO Igor Sechin at the Energy Panel during the XXVIII St. Petersburg International Economic Forum.
“The US is offering its European allies to guarantee increased defense spending, the beneficiary of which is the American military-industrial complex. This country alone accounts for almost half of the world’s arms trade. The US does not advertise that the militarization of NATO “partners” for them is a shift in their own defense spending to their allies, an increase in the tax base and a reduction in the trade deficit,” he noted, delivering a keynote speech on the topic “The Odyssey of the World Economy in Search of the Golden Fleece. The New Face of Global Energy.”
Describing this situation, Igor Sechin recalled the statement of the Italian philosopher Niccolo Machiavelli: “The power of power lies in its secret.”
He also recalled that this year NATO countries began to develop an agreement on a significant increase in military spending to 5% of GDP by 2032. In essence, the US is successfully achieving its goals by worsening Europe’s already difficult fiscal situation.
According to him, steps to build up the Western military-industrial complex lead to the transfer of colossal resources from manufacturing industries. “For example, the production of one F-35 fighter requires 417 kilograms of rare earth metals. It is not surprising that in recent years a real hunt for these resources has unfolded. Ukraine alone has signed three agreements in this regard in four years: with the European Union, Great Britain and the United States,” the head of Rosneft specified.
“But all these actions, both in Europe and in the US, are unlikely to become a panacea for all ills. There will always be an asymmetrical response,” Igor Sechin summed up.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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