From the Guardian · · 4m
Falklands face economic war from Argentina
Four decades after invasion, Argentina's president wages financial attacks on the islands' oil and fishing industries as his poll numbers fall.
In brief
Four decades after invasion, Argentina's president wages financial attacks on the islands' oil and fishing industries as his poll numbers fall. Argentina's president Javier Milei has criminalised involvement in Falklands oil and threatened its fishing industry, waging economic war on the three thousand six hundred…
Assembly hears of economic war
Lewis Clifton, a Falklands assembly member, warned islanders that Argentina is waging unprecedented economic war against their community of about three thousand six hundred people.
“I am concerned that the level of Argentinian thrust this time has been at a different level.”
Milei targets oil and fisheries
Argentina's president Javier Milei has legislated to criminalise companies and individuals involved in the Falklands' oil industry, and suggested the fisheries industry could be next.
Why Milei is escalating now

Facing a downturn in domestic polling and with an upcoming election, Milei is using economic pressure on the Falklands to shore up support at home.
British military presence remains strong
The UK maintains one thousand eight hundred personnel at Mount Pleasant airbase and on Ascension Island, four Typhoon jets, air defence systems and HMS Medway patrolling waters.
UK promises protection and support
Andy Burnham and foreign secretary Ed Miliband restated UK solidarity with the islanders and promised legislation to protect them against Argentina's financial damage.
Islanders recall Westminster's past indifference

Norma Edwards, eighty four, whose husband Roger was a former Royal Marine attached to the SAS in nineteen eighty two, said Westminster's indifference led to Argentina's invasion in the first place.
“I have never trusted the Foreign Office and I have been proven right.”
From poverty to prosperity in four decades
Four decades ago the Falklands had one thousand eight hundred inhabitants and a wool-dependent economy reliant on UK handouts. Today population grows at three percent yearly with about seventy nationalities.
Squid transformed the islands' economy
In nineteen eighty six the UK allowed the Falklands to establish a two hundred nautical mile exclusive fishing zone. Licences to Spanish, Korean and Taiwanese fleets delivered major revenues.
“It has been transformational.”
GDP soared to sixth in the world

The islands' gross domestic production per capita soared from about two thousand pounds in nineteen eighty two to eighty five thousand pounds in twenty twenty five, sixth globally, just behind Norway.
Squid catches are now declining
James Wallace, chief executive of Fortuna, the largest fishing company on the island, said squid populations are hugely variable and catches are declining, though the cause remains unclear.
“catches are declining”
Oil project could triple GDP
About one hundred thirty six miles north of the Falklands, the Sea Lion oil project led by Israeli firm Navitas and British partner Rockhopper Exploration could triple GDP and create a Norway style sovereign wealth…
Argentine pressure halts oil contractors

Two major contractors recently pulled out of the Sea Lion project, though companies involved remain confident drilling will commence within months despite Argentine pressure.
Chief executive recalls the invasion
Andrea Clausen, chief executive of the Falklands government, was ten at the time of the nineteen eighty two invasion.
Oil is their insurance policy
Clausen said the Falklands has ensured financial independence since nineteen eighty two except for defence. Oil money would be insurance against returning to poverty and dependence on UK handouts.
“we are 4,000 people minding our own business, we have a history deeper and older than theirs.”
The nineteen eighty two war's toll

The nineteen eighty two invasion ordered by dictator general Leopoldo Galtieri killed six hundred forty nine Argentinians, two hundred fifty five British military personnel and three islanders, casting a pall over relations ever since.
Cycles of Argentine hostility
Argentina's bellicosity follows cycles. In the nineteen nineties Buenos Aires adopted a hearts and minds approach, sending videos of Pingu to islanders' children. Such kindness evaporates when Argentine governments lose public support.
Islanders show resilience and defiance
Dot Gould, an assembly member who owns Pebble Island, said this is probably the most serious threat since nineteen eighty two. The islanders' response is defiant: we will get on with it, we have to.
“I think, since 1982, this is probably the most serious it's been for us.”
Influencer fights back against abuse

Roxy King Clarke, the Falklands' biggest influencer with about sixty thousand followers, is regularly subjected to abuse for her posts.
“We need to learn from history and not make the same mistakes.”
What it means
Argentina's president Javier Milei has criminalised involvement in Falklands oil and threatened its fishing industry, waging economic war on the three thousand six hundred islanders as his domestic support declines.


