Over the past 17 years, global military spending has exceeded $1 trillion, and Russian military spending has dropped for the first time in 19 years.

category:Military
 Over the past 17 years, global military spending has exceeded $1 trillion, and Russian military spending has dropped for the first time in 19 years.


According to the May 2nd report of the TASS society, the latest report by the Stockholm International Peace Research Institute showed that Russian military expenditure in 2017 fell for the first time in nearly 19 years, to $66 billion 300 million, a 20% decline in the year on year, and its decline was the biggest decline in all countries military expenditure. Simon Wei Zeman, a senior fellow at the Stockholm Institute for international peace, pointed out that the development of the modernization of the army remains a priority for Russia, but since 2014 the economic problems experienced by Russia have limited the countrys defense budget. Zeman highlighted the decline in Russian oil exports. According to the report, although the proportion of Russian military expenditure in 2017 to GDP fell to 4.3% from the previous 5.5%, its military expenditure in Eastern Europe is still the highest (91% of the total area). The Russian tower agency said the Stockholm International Peace Research Institute, published in March 2018 on the status of the world arms trade status routine report, from 2013 to 2017, Russias total volume of arms exports in the global total decreased by 4% in the previous five years, while at the same time, the United States share of the market share increased by 4%. The source of this article: Global Times - global network. More brilliant, please log on to World Wide Web http://www.huanqiu.com editor: ye Zhi FA _NBJS6073 Simon Wei Zeman, a senior fellow at the Stockholm Institute for international peace, pointed out that the development of the modernization of the army remains a priority for Russia, but since 2014 the economic problems experienced by Russia have limited the countrys defense budget. Zeman highlighted the decline in Russian oil exports. According to the report, although the proportion of Russian military expenditure in 2017 to GDP fell to 4.3% from the previous 5.5%, its military expenditure in Eastern Europe is still the highest (91% of the total area).