Political Risk

Russia drops out of world’s top 5 defense spenders

“The report notes military budgets around the world rose from 2015 to 2016 to $1.57 trillion, citing various conflicts and rising political tensions as powerful factors. The researchers expect defense budgets to climb even higher in 2017, with Russia falling further behind.”

Source: Russia drops out of world’s top 5 defense spenders – UPI.com

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