Russia's share of global arms exports falls as India diversifies
Russia's share of global arms exports has fallen from 62% to 45% between 2017 and 2022, according to a report by the Stockholm International Peace Research Institute (SIPRI). India continues to be the largest arms buyer, but saw an 11% drop in total imports. France has benefitted from this as it's now in second place with a 29% share, followed by the US at 11%. SIPRI also reported that European states increased their imports of major weaponry by 47% in the five years to 2022, while the United States' share of global arms exports rose to 40% from 33%.