Since the start of the war in Ukraine, revenues of Serbian arms and ammunition manufacturers have significantly increased, drawing attention and accusations from Russia that Serbian ammunition ends up on the Ukrainian front through third countries. Serbian President Aleksandar Vučić stated that defense industry factories must continue operating and that weapons are exported to various countries including the US, EU, Turkey, Arab countries, and Africa. Financial reports of leading companies such as Sloboda, Krušik, and Prvi Partizan show significant revenue growth, especially in the last three years, with increased exports to foreign markets. However, net profit margins vary, with Krušik showing a notably higher profit compared to other companies. Russian intelligence accuses certain companies and countries of reselling Serbian ammunition to Ukraine, further complicating the situation.
Political Perspectives:
Left: Left-leaning outlets tend to emphasize the ethical concerns and controversies surrounding the increase in arms production and exports, highlighting the role of Serbian arms manufacturers in fueling the conflict in Ukraine and the geopolitical implications of Serbia’s arms trade. They may criticize the government for prioritizing economic gains over peace and human rights.
Center: Centrist sources report the facts about the growth in revenues of Serbian arms manufacturers, presenting statements from government officials and financial data. They provide a balanced view, acknowledging the economic benefits for the Serbian defense industry while noting the accusations from Russia and the complex international context.
Right: Right-leaning media often focus on the economic success and strategic importance of the Serbian defense industry, portraying the growth in arms production as a sign of national strength and industrial capability. They may downplay or question the accusations from Russia, emphasizing Serbia’s sovereign right to trade and the need to support domestic industries.
