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World Powers Modernize, Improve Nuke Arsenals

The Stockholm International Peace Research Institute (SIPRI) released today the findings of SIPRI Yearbook 2018, which assesses the current state of armaments, disarmament and international security. One of the key findings includes the state of world's nuclear forces as of January 2018. "All the nuclear weapon-possessing states are developing new nuclear weapon systems and modernizing their existing systems" the report stated. The inventories listed in the table above show a small decline in the U.S. and Russian inventories, as Russia modernizes its strategic weapon's arsenal, and the US phases out some of the oldest warheads, under the nuclear disarmament agreements.

IISS: Defense Spending Increasing Worldwide, but Declining in Europe, US

The World Military Balance 2013 published by the International Institute of Strategic Studies (IISS) reflects the recent trends in the global redistribution of military power. Reflecting the subdued global economic climate, total defence spending fell in real terms in 2012 for a second year running. However, real increases were seen in the Middle East and North Africa, Russia and Eurasia, Latin America and in Asia, while real declines were seen in North America and Europe.