In 2020, Ukraine increased expenses on defense, - SIPRI

Source : 112 Ukraine

Within one year-term, Ukraine climbed one rank up - from 35th to 34th place
20:13, 26 April 2021

T-64 tank

In 2020, Ukraine increased the expenses on defense - despite the pandemic of coronavirus. This is mentioned in the annual report conducted and relased by SIPRI, the Stockholm International Peace Research Institute.

Within one year-term, Ukraine climbed one rank up - from 35th to 34th place. The experts estimated the overall amount of money that Ukraine spent on defense in 2019 as of 5.9 billion U.S. dollars.

It also appears that in comparison with 2019, Ukraine increased the expenses in this area by 11 percent. Last year, Ukraine's defense expenditure equaled 4.1 percent of the country's GDP.

Related: Ukraine's Defense Minister comments on Russia's goals amid transferring troops to Ukrainian borders

Earlier, SIPRI stated that the United States is currently the world's largest firearms exporter. According to that particular report, in 2016-2020, 37 percent of the world's firearms export belonged to the USA; that's 17 percent more than the share of Russia, which is the second largest exporter. Over these five years, the U.S. exported weapons to 96 countries and regions, which makes much more than other arms exporters. Almost half of the American exports ended up in the Middle East, with Saudi Arabia being the major importer (24 percent).

Related: U.S. Department of Defense urges Russia not to interfere with movement of ships in the Black Sea

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