IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.41% USD/MXN17.40▼ 0.17% USD/CLP934.68▲ 0.02% USD/COP3,220▼ 1.50% USD/PEN3.39▲ 0.11% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.07▲ 0.40% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.47% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.09▲ 0.36% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.08% GBP/USD1.34▼ 0.49% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.26% US10Y 4.6300 ▲ 0.70% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.41% USD/MXN 17.40 ▼ 0.18% USD/CLP 934.68 ▲ 0.02% USD/COP 3,220 ▼ 1.50% USD/PEN 3.39 ▲ 0.11% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.07 ▲ 0.40% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.35% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1410 ▼ 0.04% GBP/USD 1.3385 ▼ 0.31% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD 1.4102 ▲ 0.17% US10Y 4.6300 ▲ 0.70%
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Tuesday, July 21, 2026

Western Defense Industry to Surpass Russia, Says US Defense Official

By · May 13, 2024 · 2 min read

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Lieutenant General Steven L. Basham, deputy commander of the US European Command, recently asserted that the Western defense industry will soon outpace Russia’s production capabilities.

He highlighted that Russia’s military growth relies heavily on economic strain and support from Iran and North Korea.

Speaking at the “Transatlantic Security After 75 Years of NATO” event, hosted by the Foundation for Defense of Democracies, Basham underscored the rapid acceleration of Western defense capabilities.

He noted that the ongoing conflict in Ukraine allows the West to enhance its industrial base, gaining a strategic advantage over Russia.

Since Russia’s invasion of Ukraine in February 2022, Western defense industries have faced scrutiny. This is due to diminished capacities over the past decades, influenced by political decisions.

Western Defense Industry to Surpass Russia, Says US Defense Official
Western Defense Industry to Surpass Russia, Says US Defense Official. (Photo Internet reproduction)
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Despite Basham’s positive outlook, Europe, the US, and their allies still struggle to meet the soaring demand driven by conflicts in Ukraine and Israel.

Basham pointed out Russia’s shift from a defense exporter to an importer of equipment and technology, primarily from China.

This shift highlights Russia’s challenges with its own military hardware, increasingly relying on Chinese aid to compensate.

Discussing US support for Kyiv, Basham emphasized that American national defense begins far from its borders.

He noted Ukraine’s consistent plea for steadfast support is being fulfilled, stressing the need to effectively communicate this to the American public.

US Resumes Military Aid to Ukraine

US military aid to Ukraine was paused for several months, affecting both the defense industry and Ukrainian frontline capabilities.

The recent approval of $60 billion in assistance aims to improve Ukraine’s defense situation, reflecting a significant commitment to their struggle.

Basham also stressed NATO’s importance, warning that Russia would not stop in Ukraine unless confronted there.

In addition, He affirmed the growing strength and resolve of the US and its allies against Russian aggression.

He further emphasized the significance of US military presence in Europe.

He stated that consistent engagement with allies is crucial for integration and effective campaigning, reinforcing US commitment to NATO.

Lastly, Basham addressed the global threat posed by China. He noted its harmful influence in Europe, particularly in the space and cyber domains.

Like Russia, China poses a significant global challenge, necessitating vigilant countermeasures by the West.

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