Global spending on nuclear weapons has dramatically increased, with a 133% rise to $91.4 billion in 2023, according to a report by the International Campaign to Abolish Nuclear Weapons. The United States leads this expenditure, contributing to 80% of the increase, followed by China and Russia. This investment is primarily directed towards modernizing nuclear arsenals, including new airplanes, submarines, and missile systems. Despite these countries possessing nuclear capabilities, the report stresses the importance of redirecting funds towards more sustainable and peaceful security measures.
- Global spending on nuclear weapons increased by 133% in 2023 to $91.4 billion.
- The United States accounted for 80% of this spending increase, more than all other nuclear-armed countries combined.
- China and Russia were the second and third biggest spenders on nuclear weapons, respectively.
- All nine nuclear-armed countries are modernizing their arsenals with new technology and weaponry.
- Significant funds are going into the hands of private contractors, with major companies receiving contracts worth over $387 billion.
- Despite promises to negotiate nuclear disarmament, countries are continuing to invest heavily in nuclear weapons.
- The report highlights the importance of redirecting spending towards more sustainable security measures.
- The treaty on the prohibition of nuclear weapons is presented as a viable path towards a nuclear-free world.
- There is a call for all states to engage with and join the treaty on the prohibition of nuclear weapons.
- The current trend in nuclear arms spending indicates a return to a nuclear arms race and the potential for mutually assured destruction.
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