Ukraine war spurs record global spending on military

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STOCKHOLM: Global military spending rose to a record last year as Russia’s war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday.

World military expenditure rose by 3.7% in real terms in 2022 to US$2.24 trillion, the Stockholm International Peace Research Institute (Sipri) said in a statement.

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