https://newsletter.en.creamermedia.com
Defence
Defence
defence

COLD WAR LEVELS

COLD WAR LEVELS: Global military spending rose to a record last year, with the invasion of Ukraine having an immediate impact on military spending decisions. Overall, defence expenditure increased by 3.7% in real terms to reach $2.24-trillion, the Stockholm International Peace Research Institute reported. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years, while the three largest spenders in 2022 were the US, China and Russia, which accounted for 56% of the world total. Photograph: Bloomberg

Photo by Bloomberg

5th May 2023

By: Creamer Media Reporter

     

Font size: - +

COLD WAR LEVELS: Global military spending rose to a record last year, with the invasion of Ukraine having an immediate impact on military spending decisions. Overall, defence expenditure increased by 3.7% in real terms to reach $2.24-trillion, the Stockholm International Peace Research Institute reported. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years, while the three largest spenders in 2022 were the US, China and Russia, which accounted for 56% of the world total. Photograph: Bloomberg

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Showroom

Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Engineering News editor Terence Creamer
2026 Budget highlights
25th February 2026 By: Creamer Media Reporter

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.149s - 113pq - 2rq
Subscribe Now