Soaring tensions between Russia and NATO members nations have drawn comparisons to the Cold War, and it seems that’s accurate in more ways than one, as data analysts for IHS Markit Janes are forecasting 2018 arms sales worldwide to be at the highest level since the 1980s, when the previous Cold War came to an end.
Russian spending, of course, is still well lower than its Soviet Union era, and the Warsaw Pact nations that would’ve been counted back in the 1980s are all NATO countries now, adding to the NATO-centric nature of the increase.
With US arms makers the overwhelming majority of exporters around the world, this surge in arms sales is likely to most directly benefit those influential companies, and is likely to have them pushing a continuation of the status quo going forward, ensuring their profits.
Last 5 posts by Jason Ditz
- US Claims ISIS 'Rebuilding' in Syria as Turkey Invasion Distracts From Fight - March 19th, 2018
- Turkey's Erdogan Vows Wider Offensive Against US-Backed Syrian Kurds - March 19th, 2018
- Russia Demands British Apology as EU, NATO Express Solidarity With Britain - March 19th, 2018
- Trump, Kim Summit Likely to Be Held in DMZ Village - March 19th, 2018
- Afghan Special Forces Slaughter Farmers in Chaotic Errant Attack - March 19th, 2018