A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
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The White House has announced the U.S. withdrawal from the Open Skies Treaty. The decision initiates a six-month buffer period before a formal exit takes place. The Open Skies Treaty …
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China has announced a defense budget for 2020 that will result in a year-on-year nominal increase of 6.6 percent, the lowest such figure since the first half of the 1990s. …
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The commander of the Libyan National Army, Gen. Khalifa Haftar, has threatened to escalate the LNA’s offensive in western Libya, amid reports that his militia has taken delivery of fighter …
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Afghan security forces have repelled a Taliban attack on the northern city of Kunduz. In a statement on Tuesday, the Afghan Defense Ministry announced that an early morning attack on …
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When a weapon system is purchased by or gifted to a state, it will then generally enter into service with that state’s military and be put to use either in …
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Iran has called the U.S. effort to extend the arms embargo on Iran “illegitimate.” In a statement on Monday, Iran’s Foreign Ministry spokesman, Abbas Mousavi, said, “Iran is not seeking …
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Back on April 14, the International Monetary Fund announced the expected when it noted that the global economy is in a tailspin as entire economies are brought to a standstill …
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Thailand becomes the latest defense spending domino to fall in Asia as governments look to shift funding priorities toward novel coronavirus (COVID-19) economic and civil relief packages. With Thailand’s economy …
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The U.S. is calling for an extension of the U.N. arms embargo on Iran, which is due to expire later this year. In a statement on his Twitter page over …
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