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SIPRI: world military spending will be reduced because of the pandemic

World military spending in 2020-2021 years will be reduced by the background of the economic consequences of the pandemic coronavirus, the Director of the Stockholm international Institute for peace studies (SIPRI) Dan Smith.

"In 2019, the spending reached 1.9 trillion dollars, a record high level. Most likely, it will be a peak in the 2020-2021 year, you can expect to reduce costs. How sharp will the decline, it is difficult to predict right now. This will not only depend on economic factors associated with the crisis caused by the pandemic, but also from the long-term social and political choices, which will make the government. Unfortunately, there is no reason to expect that the choice can be made in favor of drastic spending cuts," said RIA Novosti Smith.