Argentina denies Malvinas link for Ushuaia naval base, cites monitoring and FX

Argentina's Defense Ministry asserts the new Integrated Naval Base at Ushuaia and Petrel is not tied to the Malvinas dispute, allocating $200B of $218B for construction since November. Officials deny U.S. funding and frame the project as monitoring and foreign-currency entry, though the strategic location near the South Atlantic suggests deterrence signaling.