Global Arms Trade Shifts: U.S. Dominance, Russia's Decline, and Europe's Rise
TL;DR Summary
The ongoing war in Ukraine has led to a surge in arms purchasing in Europe, with the United States emerging as the main beneficiary, according to a study by SIPRI. The US increased its global arms exports by 17%, with European countries accounting for 55% of its sales. Ukraine, in particular, saw a dramatic increase in arms imports, becoming the world's top arms importer in 2023. Meanwhile, Russia's arms exports declined by 53%, with France overtaking Russia as the second-largest arms exporter. Germany's arms exports remained steady, with the Middle East as its main customer region, while African countries saw a decline in arms purchases.
- Ukraine war is changing the global arms trade DW (English)
- U.S. Dominates Foreign Weapons Market as Russian Exports Plummet The Wall Street Journal
- Fear of China, Russia and Iran is driving weapons sales: Report Al Jazeera English
- Europe's arms imports nearly double, France overtakes Russia as world's second-largest exporter Euronews
- Russia Drops to Third in Arms Trade as Exports Plunge Newsweek
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