China and Russia are well armed, so Western countries, including Germany, should increase defense spending. This was announced by Armin Papperger, CEO of the defense concern Rheinmetall, Süddeutsche Zeitung reports.

“The Western world is not ready for a conventional war,” he said, adding that Russia and China are "well armed."

According to Papperger, Germany's defense budget should be increased by 30 billion euros a year. If these 30 billion are not invested in Germany, he said, the turning point will not succeed.

Over the past two years, Germany has imported "almost nothing" to its military warehouses, Papperger added. According to his estimates, in order to replenish the stocks of artillery ammunition, production should last ten years.

According to the Rheinmetall CEO, Germany is not the only country with this problem.

“Italy, Spain, France - all the warehouses are empty, for all types of conventional ammunition,” he clarified.