Military spending in Europe and Russia surged in the run-up to Moscow's invasion of Ukraine despite the subduing effects of the pandemic on economic growth, data published by the Stockholm International Peace Research Institute (SIPRI) showed on Monday.

The war in Ukraine, which Russia calls a "special military operation", has forced a rapid rethink in Europe over defence strategies and led a string of countries to promise large increases in military budgets. It has also paved the way for a potential expansion of the NATO military alliance to include Finland and Sweden.

The biggest effect of increased military budgets is likely to be visible in the coming years, but spending was already on the rise in 2021 amid heightened tensions in the run-up to Russia's invasion. Global military spending topped 2 trillion dollars for the first time ever last year reaching $2,113 billion, up 0.7 percent from 2020, as expenditure rose for the seventh straight year, the influential defence think tank said.

Russia lifted its military outlays by 2.9 percent in 2021 to $65.9 billion as it built up its forces along the Ukrainian border, SIPRI said. It was the third consecutive year of growth in Russia's military spending, which reached 4.1 percent of GDP in 2021.

"High oil and gas revenues helped Russia to boost its military spending in 2021," Lucie Beraud-Sudreau, Director of SIPRI's Military Expenditure and Arms Production Programme, said in a statement. "Russian military expenditure had been in decline between 2016 and 2019 as a result of low energy prices combined with sanctions in response to Russia’s annexation of Crimea in 2014," he added.

Russia remained in the fifth spot in terms of global military spending, behind the United States, China, India, and the United Kingdom. Whereas, its rival Ukraine spent $5.9 billion on its military in 2021, less than one-tenth of Russia's budget.

Total military spending in Europe amounted to $418 billion and has been rising sharply since Russia annexed Crimea in 2014. Military budgets rose 3.0 percent from 2020 and stood 19 percent higher than in 2012, SIPRI said.

That figure is likely to increase sharply as countries like Germany, Belgium, Denmark, and Sweden fulfill promises to boost spending to 2 percent of gross domestic product over the coming years. Missile defence systems, drones, and high-tech fighters are high on the shopping list of countries worried about Russia.

First Published:Apr 25, 2022 4:42 PM IST