Ukraine’s military spending rose 640 per cent in 2022. Read more at straitstimes.com.
STOCKHOLM - 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.
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. “This included multi-year plans to boost spending from several governments,” SIPRI Senior Researcher Diego Lopes da Silva said. “As a result, we can reasonably expect military expenditure in Central and Western Europe to keep rising in the years ahead.”
SIPRI estimated that military aid to Ukraine from the United States accounted for 2.3 per cent of total US military spending in 2022. Though the United States was the world’s top spender by far its overall expenditure rose only marginally in real terms.
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