U.S. Dominates Foreign Weapons Market as Russian Exports Plummet


Source: livemint.com livemint.com

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The U.S. bolstered its position as the world’s dominant arms exporter, accounting for more than 40% of the global trade in weapons over a recent five-year period, while Russia saw its sales abroad drop by more than half because of the war in Ukraine, according to a new report. The latest data, released Sunday by the Stockholm International Peace Research Institute, SIPRI, reflects, in part, the global conflict in Ukraine. Russia has reoriented its defense industry to support its war there, while the U.S. has sent weapons in large quantities to Kyiv. Concerns over China’s military ambitions are also fueling...