Lanka purchased over USD 22 billion worth arms

October 8, 2019

by — Posted in vnwbhxsfy

China, in turn, is the largest source of arms and ammunition for Pakistan, Bangladesh, Myanmar and Sri Lanka. The US, too, has played a significant role in arming Pakistan and India, while Israel had buyers in India and Sri Lanka. The total value of arms purchased by Sri Lanka in the last couple of years was USD 2.2 billion, according to data collected by the Stockholm International Peace Research Institute (SIPRI).The report said that that Russia, including the former Soviet nations, is the biggest source of arms for China and India – the two Asian giants. While the total value of arms purchased by Sri Lanka in the last couple of years is USD 2.2 billion, Bangladesh has purchased arms worth USD 4.5 billion, Myanmar USD 5.4 billion, Pakistan USD 34 billion, China USD 74.2 billion and India acquired arms worth USD 113 billion. Values – calculated on the basis of constant (1990) prices – are what SIPRI calls trend-indicator value that is not the sales price, but is useful for comparing arms transfer.SIPRI has also identified the top five arms suppliers for India and its neighbours. In the last few years, Sri Lanka – the tiny island nation – had purchased arms worth USD 0.7 billion from China, USD 0.5 billion from Israel, USD 0.2 billion from Ukraine, USD 0.2 billion from Russia, USD 0.2 billion from the US and USD 0.4 billion from other countries. (Colombo Gazette)

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