Defense Firms Are Asking EIB for Help Navigating Energy Crisis

Defense firms are increasingly turning to the European Investment Bank for help to shift to alternative energy sources, as the Iran war drives up the price of oil.

“We’ve been approached by defense companies,” Hristo Stoykov, head of the EIB’s security and defense office, said in an interview. “We hear that people would accelerate certain investments based on what they see happening in the Middle East, because this is not going to be resolved within the next few months.”