Europe's military spending soars, fuelled by Ukraine war

World 18:57 24.04.2023
The world’s military spending has risen to its highest ever level, according to new data from a top international monitoring organisation – with European countries increasing their budgets faster than at any time since the collapse of the Soviet Union, Ednews reports citing Euronews.
 
According to data from the Stockholm International Peace Research Institute (SIPRI), the European scramble to respond to Russia’s invasion of Ukraine has helped push total global military expenditure to an all-time yearly high of $2240 billion (€2035 billion).
 
Western and Central European states spent some $345 billion (€313 billion) on their military forces last year, according to SIPRI’s annual Trends in World Military Expenditure report, released Monday. 
 
 
In raw numerical terms, the region’s biggest overall spender was the UK, which allocated $68.5 billion (€62.24 billion) to its military budget – though only $3.1 billion (€2.82 billion) went into financial military aid for Ukraine.
 
But some of Europe’s sharpest budget increases were seen in countries most geographically exposed to Russia. Incoming NATO members Finland and Sweden dialled up their spending dramatically at 36% and 12% respectively.
Azerbaijan takes measures to turn Khankandi into safe city - VİDEO

News line

Nigerian army eliminates over 200 militants in 2 weeks
16:30 28.03.2024
Armored Vehicle Coalition for Ukraine launched in Poland
Armored Vehicle Coalition for Ukraine launched in Poland
16:15 28.03.2024
Russia strengthens transport security measures after terror attack at Crocus City Hall
Russia strengthens transport security measures after terror attack at Crocus City Hall
15:55 28.03.2024
Türkiye plays an important role between Russia and Ukraine - says political scientist Ismail Cingoz
15:45 28.03.2024
2 schoolchildren detained in France on suspicion of sending bomb threats
15:35 28.03.2024
Ski resort in Georgia hit by avalanche
Ski resort in Georgia hit by avalanche
15:26 28.03.2024
Another protest against French colonialism held in New Caledonia, Azerbaijani flag raised
Another protest against French colonialism held in New Caledonia, Azerbaijani flag raised
15:15 28.03.2024
Media: US did not transfer all information about terrorist attack in Crocus City Hall to Russia
15:00 28.03.2024
Movement ‘Together’ calls on Armenia’s parliamentary forces to express vote of no confidence in Pashinyan
14:41 28.03.2024
Azerbaijan to participate in international trade fair in Istanbul
Azerbaijan to participate in international trade fair in Istanbul
14:32 28.03.2024
Le Pen accuses French government of fraud
14:22 28.03.2024
Armenian Government Grapples with Internal Division on Village Return Issue - Ishkhan Verdiyan talks on Ednews
14:12 28.03.2024
Ammunition found along route of Crocus City Hall terrorists
Ammunition found along route of Crocus City Hall terrorists
13:41 28.03.2024
Expert Ilyas Huseynov Predicts Peaceful Return of these territories to Azerbaijan
13:20 28.03.2024
Azerbaijan weather forecast for March 29
Azerbaijan weather forecast for March 29
12:55 28.03.2024
Russian MFA concerned about upcoming Armenia-US-EU meeting
12:23 28.03.2024
Secret Points of Pashinyan's Meeting with French Representative: Is Peace Agreement Signing Imminent?
12:00 28.03.2024
Armenia announces recruitment of border guards to work at Zvartnots
Armenia announces recruitment of border guards to work at Zvartnots
11:47 28.03.2024
The US-Armenia-EU Joint Conference is a part of the pressure plan on Azerbaijan - MP Konul Nurullayeva
11:30 28.03.2024
Azerbaijan’s central bank reduces discount rate
Azerbaijan’s central bank reduces discount rate
11:23 28.03.2024
CSTO chief: ‘Yerevan doesn’t participate in our work, but there are no statements about suspension’
11:13 28.03.2024
Ammunition found in Khankandi
Ammunition found in Khankandi
11:00 28.03.2024
Russia had been aware of preparation for terrorist attack at Crocus - says intelligience chief
10:46 28.03.2024
Scholtz reveals date of his last telephone conversation with Putin
Scholtz reveals date of his last telephone conversation with Putin
10:33 28.03.2024
Head of the SSS: France is inciting Armenia to a new war
10:21 28.03.2024
Are we in the brink of World War III? - Pundit talks on Ednews
10:10 28.03.2024
Azerbaijan's National Security: Reflecting on 105 Years of Defending Sovereignty
09:55 28.03.2024
Hikmat Hajiyev: Rasmussen fell in forgetfulness to attach payment to his report
09:35 28.03.2024
Hand grenades found in Kalbajar
09:25 28.03.2024
Titanic 'door' prop that kept Rose alive sells for $718,750
Titanic 'door' prop that kept Rose alive sells for $718,750
08:50 28.03.2024
Twitch's biggest streamer diagnosed with cancer diagnosis at 32
23:55 27.03.2024
Azerbaijan's former Minister of National Security passes away
22:41 27.03.2024
Russia has no unfriendly states, only unfriendly elites — Putin
22:25 27.03.2024
Erdogan vows to make efforts for implementation of UN resolution regarding Gaza
Erdogan vows to make efforts for implementation of UN resolution regarding Gaza
21:44 27.03.2024
Russian MFA: France's presence in the Caucasus is of an intelligence nature
21:00 27.03.2024
Record numbers of migrants arrive in UK in 2024
20:42 27.03.2024
Leo Docherty appointed new UK Minister of State for Armed Forces
Leo Docherty appointed new UK Minister of State for Armed Forces
19:34 27.03.2024
MFA: ‘We reject anti-Azerbaijani allegations in the report prepared by Friends of Armenia Network’
19:00 27.03.2024
Armenian Speaker: We are looking for people who consider those villages to be Armenian territory
18:42 27.03.2024
France evacuates over 170 nationals from Haiti
France evacuates over 170 nationals from Haiti
18:19 27.03.2024
Hamısı