Global arms trade at highest level since Cold War
NOVANEWS
By Ian Greenhalgh
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Daily Sabah
US, Russia account for more than half of global arms trade, which hit highest level since Cold War
Worldwide arms trade has risen to its highest level since the Cold War in the last five years, driven by a demand from the Middle East and Asia, a study said Monday.
Between 2012-2016, arms imports in terms of volume by countries in Asia and Oceania accounted for 43 percent of global imports, a 7.7 rise compared to the previous 2007-2011 period, according to the Stockholm International Peace Research Institute (SIPRI).
“Transfer of major weapons in 2012-16 reached their highest volume for any five-year period since the end of” the Cold War, the independent institute said in a statement.
The share of Asia and Oceania in international i...