Highlights

  • United States accounted for 51.5 billion dollars of the total
  • China was the second-largest spender at 11.8 billion dollars
  • Britain's spending rose significantly for the second consecutive year

Latest news

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India is conducting independent and sovereign policy under leadership of PM Modi, achieving very good results: President Putin

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

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Nuclear-armed nations boost spending on weapons by one-third

The overall spending by nuclear-armed states, which also include France, India, Israel, Pakistan, and North Korea, increased by over 33 percent from the 68.2 billion dollars spent in 2018

Nuclear-armed nations boost spending on weapons by one-third

Nuclear-armed countries hiked spending on atomic weapons arsenals by a third in the past five years as they modernised their stockpiles amid growing geopolitical tensions, two reports showed on Monday.

The world's nine nuclear-armed states jointly spent $91 billion on their arsenals last year, according to a new report from the International Campaign to Abolish Nuclear Weapons (ICAN).

That report, and a separate one from the Stockholm International Peace Research Institute (SIPRI), indicated that nuclear weapons states are dramatically scaling up spending as they modernise and even deploy new nuclear-armed weapons.

Also read/watch - Over 81 lakh new investors join mutual fund industry in April-May

"I think it is fair to say there is a nuclear arms race under way," ICAN chief Melissa Parke told AFP.

Wilfred Wan, head of SIPRI's weapons of mass destruction programme, meanwhile warned in a statement that "we have not seen nuclear weapons playing such a prominent role in international relations since the Cold War".

SIPRI's report showed that the total estimated number of nuclear warheads in the world actually declined somewhat to 12,121 at the start of this year, from 12,512 a year earlier.

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