Global military spending even higher in 2020 BUDGET
The major decline in global GDP does not affect the costs of the armies, which continue to grow, touching $2 trillion Global military spending even higher in 2020
Global military spending even higher in 2020
Global military spending even higher in 2020 Di ats 26 aprile 2021 , 09:51 OnTheSpot
The Global military expenditure continues to rise in 2020, in spite of the Covid-19 pandemic, touching $ 2 trillion, despite a major decrease in global GDP.
This was revealed in a report by the Stockholm International Peace Research Institute (Sipri). Military spending worldwide last year amounted to about 1’823 billion francs, an increase of 2.6% year on year while the global GDP dropped by 4, 4%. And by 2019, the peak since the end of the Cold War had already been reached.
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Expanded defence cooperation, free trade area figure in India, Russia talks Rezaul H Laskar © Provided by Hindustan Times
India and Russia on Tuesday discussed ways to deepen military and strategic cooperation, including manufacturing of Russian military hardware in the country, and begin talks on creating a free trade area between India and the Eurasian Economic Union. These matters figured in the meeting between external affairs minister S Jaishankar and his Russian counterpart Sergey Lavrov.
“We talked about the longstanding partnership in nuclear, space and defence sectors. We spoke of connectivity, including the International North-South Transport Corridor and the Chennai-Vladivostok Eastern Maritime Corridor,” Jaishankar told a joint news conference after the talks.