Russia has emerged as the world's second-largest arms producer after the United States, a new report shows.
Russia surpassed Britain, which had held the runner-up spot since 2002, and now produce 9.5 per cent and nine per cent of the world's arms sales respectively.
They both remain dwarfed by the U.S., which with 57 per cent of the world's total arms sales still produces six times as many weapons as Russia.
Putin's plan: Russia is now the world's second biggest arms producer, representing 9.5 per cent of the world's arms sales in 2017
The Stockholm International Peace Research Institute (SIPRI) said in its report that the combined arm sales of Russian companies amounted to £29.88billion ($37.7billion) in 2017, recording 8.5 percent year-on-year growth.
SIPRI senior researcher Siemon Wezeman said Russian producers have been on a significant growth path since 2011 as a result of President Vladimir Putin upping military spending to modernize his forces.
'This is in line with Russia's increased spending on arms procurement to modernize its armed forces,' Wezeman said.
The report noted Russia started an initiative to consolidate its arms industry back in 2007 - an ongoing process that is expected to be completed soon.
Russia's increased global market share is a result of President Vladimir Putin upping military spending to modernize his armed forces in recent years
Lonely at the top: With 57 per cent of the market share, the U.S. produces six times as many arms as runner-up Russia
SIPRI's annual report of the world's 100 biggest armaments groups includes both domestic and foreign sales and found that arms were sold for a total £315.64billion ($398.2billion) around the globe in 2017.
Overall, the U.S. continued to dominate the list with 42 companies accounting for 57 per cent of total sales, including the world's largest arms producer, Lockheed Martin Corp.
As a notable development, the report also highlighted a 24 per cent rise in sales by Turkish arms companies in 2017 year-on-year.
It was described as a reflection of 'Turkey's ambitions to develop its arms industry to fulfill its growing demand for weapons and become less dependent on foreign suppliers,' SIPRI senior researcher Pieter Wezeman said.
Chinese companies are not included in SIPRI's report because of unreliable statistics.
Link hienalouca.com
https://hienalouca.com/2018/12/11/russia-overtakes-uk-to-become-the-worlds-second-largest-arms-producer-with-u-s-number-one/
Main photo article Russia has emerged as the world’s second-largest arms producer after the United States, a new report shows.
Russia surpassed Britain, which had held the runner-up spot since 2002, and now produce 9.5 per cent and nine per cent of the world’s arms sales respectively.
They both remain ...
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Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
https://i.dailymail.co.uk/1s/2018/12/11/09/7275924-6482689-image-a-8_1544520549271.jpg
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