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"Global Military Spending Reaches Record $2.2 Trillion Amid Rising Instability"

Global defense spending reached a record $2.2tn in 2023, rising by 9% due to heightened geopolitical tensions, particularly driven by Russia's invasion of Ukraine. The International Institute of Strategic Studies expects further increases in 2024 as the war continues and international uncertainty spreads. Russia and Ukraine saw significant increases in military spending, with Russia's total military spending now representing one third of its national budget. The US remains the largest global military spender, with a budget of $905.5bn in 2023, more than the next 15 countries combined.

1 year ago•Source: The Guardian

Global Military Spending Reaches Record High Amidst Ukraine War and Visa Disputes.

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1.12 min•2 years ago

Global Military Spending Reaches Record High Amidst Ukraine War and Visa Disputes.

Russia's invasion of Ukraine and its global impact helped push global defense spending to a record high of $2.24 trillion last year, according to a report by the Stockholm International Peace Research Institute. Meanwhile, Russia accused the United States of violating its obligations by not issuing visas to journalists planning to cover Russian Foreign Minister Sergey Lavrov's trip to the United Nations in New York. Leaked American intelligence documents suggest that the Wagner Group discussed a plan in February to recruit and train rebels from Chad, a key U.S. security partner in the region, to topple the Chadian government.

via The Washington Post

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"Global Military Spending Reaches Record $2.2 Trillion Amid Rising Instability"

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