Europe saw world's biggest rise in arms imports in the past five years, a trend set to accelerate following recent rearmament commitments and Russia's assualt on Ukraine, researchers say
European countries spooked by Russia's offensive on Ukraine are expected to beef up their militaries with fighter jets, such as the American F-35, missiles, artillery and other heavy weapons.
He said the upward trend actually started after Russia's 2014 annexation of Crimea, with the effects visible now. The opaque nature of many contracts and donations of weapons without payment make it difficult to provide an exact figure for the world arms trade but experts estimate turnover at close to $100 billion annually.According to SIPRI, Asia and Oceania remained the main importing region over the last five years, home to 43 percent of arms transfers and six of the world's largest importers: India, Australia, China, South Korea, Pakistan and Japan.
"Tensions between China and many states in Asia and Oceania are the main driver of arms imports in the region," the report's authors said in a statement.In the Middle East, the second-largest market, accounting for 32 percent of global arms imports, the increase was three percent, driven mainly by investments in Qatar amid tensions with its Gulf neighbours.
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