Russia military spending on the up, as US and EU cut costs

Author (Person)
Series Title
Series Details 14.04.14
Publication Date 16/04/2014
Content Type

Russia spends more on arms compared to its GDP than the US and European countries, according to fresh figures released on the 14 April 2014 by Sipri, a military spending research group.

The US remains the world's top military spender in gross terms (€460bn), but its spending decreased by over 7 percent compared to the previous year, mainly because of the withdrawal from Iraq and Afghanistan.

Source Link http://euobserver.com/foreign/123838
Related Links
ESO: Background information: EU countries outgunned on arms trade http://www.europeansources.info/record/eu-countries-outgunned-on-arms-trade/
ESO: Background information: Russia’s sluggish economy is not a function of the Ukraine crisis or sanctions, but reflects long term economic trends http://www.europeansources.info/record/russias-sluggish-economy-is-not-a-function-of-the-ukraine-crisis-or-sanctions-but-reflects-long-term-economic-trends/
SIPRI: Press Release, 14.04.14: Military spending continues to fall in the West but rises everywhere else, says SIPRI http://www.sipri.org/media/pressreleases/2014/Milex_April_2014
Deutsche Welle, 13.04.14: Military spending on the rise, except in the West http://dw.de/p/1Bgfw

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