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All tagged SIPRI
SIPRI has corrected its data on Iran’s military spending, applying a more relevant exchange rate for dollar conversions. Instead of ranking as the 14th largest military spender in the world in 2021, Iran was actually ranked 39th.
SIPRI produces the world’s most authoritative data on global military expenditure and the arms trade. But for years they have been overstating the size of Iran’s military budget.
Sunday marked the expiration of a 13-year UN arms embargo on Iran. Iranian authorities have stated they are now free to buy and sell conventional weapons in an effort to strengthen their country’s security. But China, a major arms supplier in the Middle East, is unlikely to be making significant arms sales to Iran any time soon.
INSTEX alone cannot save the JCPOA, the future of which essentially depends on US-Iranian relations. INSTEX can nevertheless help maintain the nuclear agreement until, or even after, diplomatic solutions are found.
