US, Russia Remain Largest Exporters of Weapons in the World
The United States and Russia remained the main exporters in 2014-2019, although the volume of arms sales of Russia decreased compared to 2010-2014 by 18%. That is according to a report by the Stockholm International Peace Research Institute (SIPRI), released on Monday, TASS reports.
The new report on the state of world arms trade notes that in 2015-2019 the trade volume increased by 5.5% compared with the previous five-year period (2010-2014).
"Between 2010-14 and 2015-19, exports of major arms from the USA grew by 23 per cent, raising its share of total global arms exports to 36 per cent. In 2015-19 total US arms exports were 76 per cent higher than those of the second-largest arms exporter in the world, Russia. Major arms transferred from the USA went to a total of 96 countries," report notes.
The share of Russia's military exports over the past 5 years amounted to 21% of the global volume, which is 6% less than the indicator for the period 2010-2014. The supply of Russian weapons to India, Russia's main partner in the field of arms trade, decreased significantly - by 47% as compared with the previous period 2010-2014.
Major arms exports by Russia decreased by 18 per cent between 2010-14 and 2015-19. ‘Russia has lost traction in India.
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