. | . |
Europe new 'hotspot' for arms imports: report By Marc PR�EL Stockholm (AFP) March 13, 2022 Europe saw the world's biggest rise in arms imports in the past five years, a trend set to accelerate following recent rearmament commitments amid the threat posed by Russia, researchers said Monday. While arms exports declined globally by 4.6 percent in 2017-2021 compared to the preceding five years, Europe posted a 19-percent increase, according to a study published by the Stockholm International Peace Research Institute (SIPRI). "Europe is the new hotspot", Siemon Wezeman, co-author of the annual report for over three decades, told AFP. "We are going to increase our military spending not just by a little bit but by a lot. We need new weapons and a lot of that will come from imports", the senior researcher said, adding that the majority was likely to come from other European countries and the US. Germany in particular has already announced plans to up its military spending, as have Denmark and Sweden. European countries spooked by Russia's invasion of Ukraine are expected to beef up their militaries with fighter jets, such as the American F-35, missiles, artillery and other heavy weapons. "Most of these things take a bit of time. You have to go through the process, you have to decide, you have to order, you have to produce. This generally takes a couple of years at least", Wezeman said. He said the upward trend actually started after Russia's 2014 annexation of Crimea, with the effects visible now. Europe's share of the global arms trade has already risen from 10 to 13 percent in the past five year, and this share will increase "substantially", according to Wezeman. 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 (91 billion euros) 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. While arms imports to the world's most populous region declined by around five percent over the past five years, East Asia and Oceania specifically saw strong growth, with 20 and 59 percent respectively. "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. - Russian isolation - 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. "The current oil prices mean they're going to have a lot of income and that usually translates into large orders for arms", Wezeman noted. The Americas and Africa, meanwhile, have seen their imports decline sharply, by 36 and 34 percent respectively, accounting for about six percent of global arms imports each. In terms of individual countries, India and Saudi Arabia share the top spot as the largest importers, each accounting for 11 percent, ahead of Egypt (5.7 percent), Australia (5.4 percent) and China (4.8 percent). When it comes to exporting countries, the US leads the pack with 39 percent. Russia remains in second place, though its share has fallen to 19 percent over the past five years, largely due to declining imports by China, which is now almost completely independent of Russian arms. Russia's isolation amid sanctions over the Ukraine war will probably weigh even more on its arms industry in future. "There will certainly be a stick from the US side. That's been already going on for several years, that if you buy weapons from Russia, then we are likely to sanction you in various ways", Wezeman said, citing tensions that arose after Turkey's purchase of Russian S-400 missile defence systems. "I think the pressure will be enormous on countries like Algeria or Egypt that are substantial importers of Russian weapons." France is the third largest exporter with 11 percent, while China and Germany held onto their fourth and fifth spots with 4.6 and 4.5 percent respectively.
Sweden to raise military spending over Ukraine war Stockholm (AFP) March 10, 2022 Sweden's government announced plans Thursday for a major boost in military spending to two percent of GDP "as soon as possible", citing the security threat from Russia's war in Ukraine. Sweden, which ended decades of defence cuts after Moscow's 2014 annexation of Crimea, said it hoped to reach its goal within a decade but gave no specific date. "We hope to get there as soon as possible," Social Democratic Prime Minister Magdalena Andersson told reporters. The Scandinavian country, which duri ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |