Russia among military big spenders
News
11:18 26 Apr, 2022
Russia among military big spenders
Global military spending exceeded $2tn for the first time in 2021, with Russia's increased significantly, Qazet.az reports.
It was the seventh year in which the total had risen, the report by the Stockholm International Peace Research Institute said.
The US spent more than $800bn on its military last year, more than double that of any other country.
Russia increased its military spending by nearly 3%, helped by higher oil and gas revenues, as it built up its forces on the Ukrainian border.