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The Independent UK
The Independent UK
National
Alisha Rahaman Sarkar

Finland’s military spending soars 36% as global defence budgets hit Cold War levels

Finland NATO Ukraine SIPRI Russia
AFP via Getty Images

Global military expenditure rose to a record high last year as Russia's war in Ukraine prompted European nations to invest the kinds of figures in their defence capabilities not seen since the end of the Cold War, according to a new report.

Researchers from the Stockholm International Peace Research Institute (Sipri) estimate that last year’s total global military spending rose by 3.7 per cent in real terms to $2.24 trillion.

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