STOCKHOLM (AFP) – Military spending increased sharply in 2014 in China and Russia and the Ukraine conflict prompted eastern European countries to boost their defence programmes, according to a study by the Stockholm International Peace Research Institute (SIPRI) released Monday.The United States remains the worlds biggest spender on defence, but it spent 6.4 percent less year-on-year in 2014, while China, Russia and Saudi Arabia — the worlds next three highest spenders — all increased their expenditures.Chinas spending last year was estimated at $216 billion (204 billion euros), a 9.7 percent rise.The conflict in Ukraine pitting Kiev against pro-Moscow rebels has …read more
Source: Dunya TV
