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World Business Report

Who’s spent what on the war in Ukraine?

Feb 17, 2025
Walter Todd, President and Chief Investment Officer of Greenwood Capital, dives into the financial implications of the war in Ukraine on defense companies. He discusses European leaders' urgent talks about military support and the pressing need for increased defense spending. The podcast also touches on Canadian consumer sentiment in response to U.S. tariffs and explores the challenges of military readiness in Europe. Additionally, it highlights the dark realities of e-waste management in Ghana, emphasizing environmental and health issues.
26:28

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Podcast summary created with Snipd AI

Quick takeaways

  • European leaders are significantly increasing defense spending to support Ukraine, responding to U.S. demands for enhanced military commitments.
  • In Canada, growing consumer boycotts of U.S. goods indicate a shift towards supporting local products amid tensions over tariffs.

Deep dives

European Defense Spending and Responsibility

European nations are facing pressing discussions on defense spending to support Ukraine amid U.S. expectations for increased military commitments. The British Prime Minister emphasized the need for Europe to bear a greater share of the burden, particularly regarding defense capabilities and spending. As European governments pledge substantial investments in their armed forces, companies like Saab and BAE Systems have seen a significant rise in value, contrasting with the performance of U.S. defense contractors. This shift indicates a transformation in how Europe approaches its defense responsibilities, especially in light of potential shortages in their own military stockpiles.

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