The German government is cutting a lot of programs to rearm the Bundeswehr due to the high inflation in Germany and weak euro. German newspaper Handelsblatt wrote about it, citing unnamed politicians and representatives of the defense industry of Germany.

According to them, planned arms purchases turned out to be more expensive than initially assumed. This crisis especially affected projects for the German Navy and Air Force.

Given that many projects are designed for 5-7 years, “inflation in this dimension creates a serious financial problem,” noted one of the publication’s sources. We are talking about the third series of corvettes K130, new Eurofighter planes for electronic warfare, new frigates and self-propelled howitzers, which were to come to replace those delivered to Ukraine.

It is also assumed that there will be a cut in the order for American fifth-generation F-35 fighter jets, as Berlin was counting on purchases at the pre-crisis level of the dollar against the euro. Also, the second batch of Puma armored infantry fighting vehicles, for which it was planned to allocate 304 million euros this year, will be reduced weekly.

Also, representatives of the German military industry complained that the budget of 100 billion euros is not enough to fulfill the wishes of the Bundeswehr.

Earlier, we reported that oil continues to rise in price.