Milei moves to tighten sanctions over Falklands oil projects

  • Javier Milei said Argentina would sanction companies drilling around the Falkland Islands.
  • Argentina spends around 0.8% of GDP, or $3.9 billion, on defense.
  • Britain said its Falklands commitment remains absolute and unshakable.

Argentine President Javier Milei has renewed threats to sanction companies drilling near the British-controlled Falkland Islands, including participants in the Sea Lion offshore oil project developed by Navitas Petroleum and Rockhopper Exploration. He said Argentina would prevail in its sovereignty claim after President Donald Trump questioned whether Britain could defend the islands alone and suggested Washington might reconsider its longstanding neutrality. Argentina has expanded military cooperation with the United States while rebuilding forces that remain far weaker than in 1982, analysts said. Buenos Aires spends about 0.8% of gross domestic product, or $3.9 billion, on defense, but has agreed to acquire 24 F-16 jets from Denmark and 235 US Stryker armored vehicles. Britain said its commitment to the islands was absolute and unshakable, while a former British Army intelligence officer said the UK retains a stronger Falklands defense than in 1982 through deployed forces, rapid reinforcement capacity, intelligence capabilities and a blue-water navy.

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