Global Arms Trade Shifts as Russia's Exports Plummet and U.S. Dominates Market
A report by SIPRI reveals that fear of disruptive states like China, Russia, and Iran has driven a surge in arms sales in Europe, the Middle East, and Asia over the past five years. Concerns over China's ambitions have led to increased arms imports by US allies like Japan, Australia, and India, while regional rivalries and conflicts have also played a significant role in driving arms purchases. The US has widened its lead as the top arms exporter, with Western allies contributing to this surge. Europe has also seen a resurgence in its defense industry, providing hope for greater agency in supplying arms and support to countries like Ukraine.
