Norway to suspend defense gear exports to Saudi Arabia

FAN Editor

Norway’s foreign minister says the country will suspend issuing new licenses to export defense-related equipment to Saudi Arabia.

Foreign Minister Ine Eriksen Soereide told Norwegian news agency NTB on Friday that the move was temporary until “a comprehensive assessment of recent developments in Saudi Arabia and the region and the unsettling situation in Yemen” is completed.

Continue Reading Below

NTB said exports of defense-related equipment — so-called B-material — in 2017 to Saudi Arabia was worth 41 million kroner ($4.9 billion), a massive increase from 2016 when it was 23,000 kroner ($2,750).

Free America Network Articles

Leave a Reply

Next Post

Stocks are out of a correction, but lagging crude and copper prices signal more trouble ahead

Stocks prices have bounced back nicely since entering a correction in October. But several commodities have failed to recover along with them, suggesting more trouble may lie ahead for investors. The S&P 500 is up more than 6 percent ever since Oct. 29, when it closed down more than 10 […]

You May Like