Army spending in Europe highest since Cold War

By Agence France-Presse

Apr 25, 2023 12:06 am

STOCKHOLM: Europe's military spending grew at a record pace in 2022, reaching a level unseen since the Cold War following Russia's invasion of Ukraine, global security researchers said on Monday.

The increase in Europe helped global military expenditures reach an eighth straight record at $2.24 trillion, or 2.2 percent of the world's gross domestic product (GDP), the Stockholm International Peace Research Institute (Sipri) said.

SEE THIS SHELL A Ukrainian artilleryman of the Aidar battalion holds an artillery shell on a frontline position near the city of Bakhmut, Donetsk region, eastern Ukraine on Saturday, April 22, 2023. AFP PHOTO

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