Arms Dealers Get Wealthy from Russian & Ukrainian War

Lords Get Richer Through Worldwide Arms Deals arising from Ukrainian Invasion Members of the UK House of Lords have profited tens of thousands of pounds throug investments in arms companies as a result of Russia’s invasion of Ukraine, according to openDemocracy website. According to the official register of interests, Tory peers Lord Glendonbrook, Viscount Eccles, and Lord Sassoon, as well as unaffiliated peers Lord Lupton and Lord Gadhia, own shares in in British weapons company BAE Systems worth at least £50,000. Since the conflict began over four weeks ago, BAE Systems’ share price has climbed by 23%, implying that each peer’s investment is now worth at least £11,500 more than it was before.The company is the largest arms seller in the United Kingdom and the sixth largest in the world.  All but four of the world’s top 20 weapon sellers have seen their percentage of sales increase. The conflict is thought to have killed tens of thousands of people, including 20,000 civilians in the besieged city of … Continue reading Arms Dealers Get Wealthy from Russian & Ukrainian War