26 Apr '17, 9am

Sharp increase in Russian arms spendings late in 2016 says @SIPRIorg #Military #NorthernFleet

Sharp increase in Russian arms spendings late in 2016 says @SIPRIorg #Military #NorthernFleet

It is the annual comprehensive update by Stockholm International Peace Research Institute (SIPRI) that again places Russia among the top three nations on military spendings. Russia’s defense budget increased to $69,2 billion in 2016. The country’s defense budget has grown by 87% over the last 10 years and now counts for 4,1% of the global spendings on arms. Only China and United Arabic Emirates had a larger growth since 2007, with 118% and 123% respectively. The Russian military sector now counts for 5,3% of the country’s GDP, the highest proportion since Russia became an independent state 25 years ago. The five biggest arms spenders in 2016 were USA, China, Russia, Saudi Arabia and India. United States alone spends $200 billion more on its military than the four next on the list combined. Although 4,8% decrease in defense spendings from 2015, the United States still spent...

Full article: https://thebarentsobserver.com/en/security/2017/04/russia...

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@SIPRIorg

@SIPRIorg

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