Global military spending to hit record high in 2022

According to a report released on April 23, the Stockholm International Peace Research Institute (SIPRI) assessed that global military spending increased to a record level in 2022. The reason was that the Russia-Ukraine conflict spurred the largest annual increase in spending in Europe since the end of the Cold War.

Global military spending is expected to rise by 3.7% to $2.24 trillion in 2022, with European spending rising by 13%, largely due to increases in Russia and Ukraine, the SIPRI report said.

The Russia-Ukraine conflict has been going on for more than a year with no end in sight. (Photo: Reuters)

Many other countries across Europe have also increased their military budgets and planned to spend even more heavily amid the Russia-Ukraine tensions that show no signs of easing.

"This is the result of several years of planned increases in military spending by several governments ," said Diego Lopes da Silva, senior researcher at SIPRI. "We are likely to see military spending in Central and Western Europe continue to increase in the coming years."

According to data from SIPRI, Ukraine's military spending increased by 640% in 2022, the largest annual increase since 1949. This figure does not include the large amount of financial military aid provided to Ukraine by the West.

SIPRI estimates that US military aid to Ukraine will account for 2.3% of total US military spending in 2022. The US is the world's top military spender, but its total spending has only increased slightly.

Meanwhile, Russia's military spending is estimated to have increased by 9.2%. However, SIPRI notes that these figures are " not entirely certain" .

After Russia launched a military campaign in Ukraine last February, the United States and its European allies rushed to strengthen their defense capabilities. At the same time, the West continuously pumped weapons to support Kiev in dealing with Moscow.

Kong Anh (Source: Reuters)

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Source: https://vtc.vn/chi-tieu-quan-su-toan-cau-tang-ky-luc-nam-2022-ar767960.html