Another contention many US allies—including South Korea—experience is the replication of the NATO model, a ‘5 percent Gross Domestic Product (GDP) standard’, in the Indo-Pacific, which implies earmarking 5 percent of the GDP on defence expenditure. The US Secretary of Defence, Pete Hegseth, reiterated the Trump administration’s position a
economic growth in Bosnia
Though Pretis is majority-owned by the Bosnian state, US arms firm Regulus Global, which has procured arms and ammunition for Ukraine and previously Syria, holds a 41.5 per cent stake through an offshore company and recently proposed a $100 million upgrade of the company. Regulus also owns 25.7 per cent of shares in another Bosnian arms manufacture
and Herzegovina, clearing their
Even after Russia publicly accused it of betrayal, Serbia approved the transit through its territory of almost 1,000 artillery shells from Bosnia on behalf of a Czech company tasked with keeping Ukraine’s army supplied with ammunition. On June 12 this year, Serbia’s interior ministry signed off on the transit of 132 pallets of goods from Bosnia