Editor's note: Moses Becker is a special commentator on political issues for News.Az, a PhD in political science and an expert on interethnic and interreligious relations. The article expresses the personal opinion of the author and may not coincide with the view of News.Az.

Global military expenditure soared to $2.718 trillion in 2024 in an unprecedented surge, driven by ongoing wars, rising geopolitical tensions and increased security concerns worldwide, the Stockholm International Peace Research Institute (SIPRI) said Monday.

The sales revenue of the world’s top 100 arms manufacturers rose 4.2% year-on-year to $632 billion in 2023, according to new data released today by the Stockholm International Peace Research Institute (SIPRI).

Nuclear powers are increasingly developing their arsenals as the geopolitical situation deteriorates, according to a report by the Stockholm International Peace Research Institute (SIPRI), News.Az reports citing TASS.