Monday, April 24, 2023

World Military Spending Reaches An All-Time High Of $2.24 Trillion In 2022

Reuters: Ukraine war spurs record global spending on military, Stockholm think tank says, article with image 

STOCKHOLM (Reuters) - Global military spending rose to a record last year as Russia's war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday. 

World military expenditure rose by 3.7% in real terms in 2022 to $2.24 trillion, the Stockholm International Peace Research Institute (SIPRI) said in a statement. 

Russia's invasion of Ukraine, which began in February last year following years of growing tensions, has prompted European countries to rush to bolster their defences. 

Moscow says its "special military operation" was necessary to safeguard it against what it sees as a hostile and aggressive West. Ukraine and its Western allies say Russia is waging an unprovoked war aimed at grabbing territory.  

Read more ....  

WNU Editor: The SIPRI press release is here .... World military expenditure reaches new record high as European spending surges. 

The SIPRI report is here (link here). 

World Military Spending Reaches An All-Time High Of $2.24 Trillion In 2022  

Global military spending reached all-time high of $2.24 trillion in 2022 -- FOX News/AP  

SIPRI: Military spending increases worldwide -- DW  

Ukraine war spurs record global spending on military: SIPRI -- SCMP  

World military spending reaches all-time high of $2.24 trillion -- Al Jazeera

Ukraine war fuels record global military spending -- The National  

India world's fourth-largest military spender in 2022 — who are the top 3 -- CNBC 

Military spending increases worldwide: What new SIPRI data says -- Indian Express 

Saudi Arabia rises to world's 5th largest military spender: SIPRI -- Al-Monitor  

Ukraine’s military spending reached $44B in 2022 - SIPRI -- Ukrinform

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