Russia 4th in arms spending

RUSSIA / FSU POLITICS - In Brief 27 Apr 2020 by Alex Teddy
On April 27 the Peace Research Institute declared that Russia is now the 4th biggest spender on arms. In 2019 Russia spent USD 65 billion on arms. This is up from USD 61.4 billion in 2018. This is 3.9% of GDP which is almost the highest in Europe. Nearby NATO countries have increased defense spending too. German defense spending went up 10% in 2019. Russia says NATO defense spending obliges Russia to increase spending. NATO put the same argument.In 2019 China became the second biggest arms exporter pushing Russia into third place. The Russian Defense Ministry said weapons sales were worth USD 15 billion in 2019. 50 nations bought Russian arms.The US said that countries that buy Russian arms or intelligence equipment face sanctions under CAATSA.

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