The US ranked first in global weapons sales in 2015, selling around 40 billion dollars worth armaments or half of all agreements in the worldwide arms bazaar and more than double of nearest rival France. <br/><br/>According to a new congressional study, developing nations, including Pakistan, continued to be the largest buyers of arms in 2015, with Qatar signing deals for more than 17 billion US dollars in weapons last year, followed by Egypt, which agreed to buy almost 12 billion dollars in arms, and Saudi Arabia, with over 8 billion dollars in weapons purchases.<br/><br/>The report titled "Conventional Arms Transfers to Developing Nations, 2008-2015" and prepared by the nonpartisan Congressional Research Service, a division of the Library of Congress, was delivered to legislators last week. The annual review is considered the most comprehensive assessment of global arms sales available in an unclassified form.<br/><br/>Russia, another dominant power in the global arms market,saw a modest decline in orders for its weapons, dropping to 11.1 billion dollars in sales from the 11.2 billion dollars total in 2014. China reached 6 billion US dollars in weapons sales, up from its 2014 total of over 3 billion US Dollars.
News On AIR | December 27, 2016 6:54 PM
US tops weapons sales globally for 2015: Congressional Study