SIPRI Report: The world's nine nuclear-armed states modernised their nuclear weapons and deepened their reliance on deterrence in 2023, according to a Swedish think tank, the Stockholm International Peace Research Institute (SIPRI), AP reported.
“We have not seen nuclear weapons playing such a prominent role in international relations since the Cold War,” said Wilfred Wan, director of the Stockholm International Peace Research Institute's weapons of mass destruction program.
A separate report by the International Campaign to Abolish Nuclear Weapons (ICAN) revealed that the nine nuclear-armed states spent a combined total of $91.4 billion on their arsenals in 2023. This amounts to $2,898 per second.
The Geneva-based coalition of disarmament activists, which won the Nobel Peace Prize in 2017, noted a $10.7 billion increase in global spending on nuclear weapons compared to 2022.
The United States accounted for 80 percent of the increased investment in nuclear weapons, spending $51.5 billion, more than all the other nuclear-armed countries combined. China was the next biggest spender, pumping in $11.8 billion, and Russia rounded off the top three, spending $8.3 billion.
“There has been a notable upward trend in the amount of money devoted to developing these most inhumane and destructive of weapons over the past five years. All this money is not improving global security; in fact, it’s threatening people wherever they live,” said Alicia Sanders-Zakre, Policy and Research Coordinator with ICAN.
(With inputs from AP and PTI)
Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess