Global Military Spending Soars, Reaching Record Highs in 2023

According to data released by the Stockholm International Peace Research Institute (SIPRI), global military spending surged by 6.8% in 2023, the largest year-on-year increase since 2009. This rise was primarily attributed to the ongoing conflict in Ukraine and heightened tensions in various regions worldwide. The United States, China, Russia, India, and Saudi Arabia emerged as the top five military spenders, accounting for over 60% of global expenditure.

Russia Claims Gains in Eastern Ukraine as EU Ministers Discuss Continued Support

Russia’s Defense Ministry claims to have captured Novomykhailivka in eastern Ukraine, while Ukraine’s military reports repelling Russian advances in the area. EU foreign and defense ministers met in Luxembourg to discuss ongoing aid to Ukraine and extending sanctions against Iran. The head of Ukrainian military intelligence warns of a worsening situation on the front line in the coming weeks. Despite ammunition shortages, Ukraine continues to fortify its defenses.

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