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Highest Military Spending in Europe Since Cold War: Study

Stockholm – Europe’s military spending grew at a record pace in 2022, reaching a level unseen since the Cold War following Russia’s invasion of Ukraine, global security researchers said Monday.

The rise in Europe helped global military expenditures reach an eighth straight record at $2.24 trillion, or 2.2% of the world’s gross domestic product, according to the Stockholm International Peace Research Institute (SI