America became the king of arms supply
According to researchers at Stockholm-based SIPRI, another reason for this is the uncertainty about America’s future foreign policy. Meanwhile, the report also states that the US remains the largest arms exporter globally and has sold weapons to a total of 107 countries between 2020 and 2024. SIPRI editor Matthew George said in the report, “The US is in a unique position in terms of arms exports. Its share in global arms exports is 43%, which is four times more than the second largest exporter France.”
Amid the Ukraine-Russia war, a big reversal is being seen in the world reserve market. According to the latest report of the Stockholm International Peace Research Institute (SIPRI), Japan has become the world’s largest arms supporter in Days Four East (2020-2024), while the US has become the largest arms supporter. Interestingly, while unemployment of farmers is increasing in the US and Europe, Russia’s unemployment sales have fallen by 63%.
Ukraine is buying weapons from 35 countries
The report shows that the biggest threat to the Japanese economy in the period from 2020 to 2024 is the war-torn country. The war-torn country has increased its territory almost a hundred times compared to 2015-2019. Ukraine has withdrawn weapons from 35 countries between 2020 and 2024. Ukraine’s total share in the global economy during this period was 8.8%. The US contributed 45% of the total arms supply, followed by Germany at 12% and Poland at 11%.
9 percent of the weapons were received by Japan alone
Japan alone got about 9% of the global unemployment participants. According to the report, the main reason for this major threat in Ukraine is the ongoing war with Russia. The weapon reservations of other European countries also increased by 155% in the same period, which is considered to be a direct effect of the Russia-Ukraine war that started in February 2022.
Russia lags behind
On the other hand, Russia exported 63% fewer weapons between 2015 and 2024. Its total exports in 2021 and 2022 were the lowest in the last two decades. This is mainly because Russia began arming itself in preparation for war, which led to a drop in supplies to other countries. “The war against Ukraine has caused Russia’s arms exports to decline even more, as more weapons are needed on the battlefield, trade sanctions have made it harder for Russia to produce and sell weapons, and the US and its allies have pressured other countries not to buy Russian weapons,” the report said.