I agree with your first point here. Looks like various nations have already committed military aid on the order of $2B to Ukraine, plus quite a lot of in-kind donations of military equipment. Iām very unsure about how elastic the supply of military equipment is at the current margin. Is it really the case that there are military supplies available that Ukraine would purchase but for lack of funds? That would surprise me.
It reminds me a bit of the early Covid days when everyone wanted to purchase PPE, but supply was bottlenecked, so donations increased prices and changed the distribution of who received the available supply.
I agree with your first point here. Looks like various nations have already committed military aid on the order of $2B to Ukraine, plus quite a lot of in-kind donations of military equipment. Iām very unsure about how elastic the supply of military equipment is at the current margin. Is it really the case that there are military supplies available that Ukraine would purchase but for lack of funds? That would surprise me.
It reminds me a bit of the early Covid days when everyone wanted to purchase PPE, but supply was bottlenecked, so donations increased prices and changed the distribution of who received the available supply.