They may have agreed on a provisional peace agreement last August, but Armenia and Azerbaijan nevertheless each had some of the highest military spending as a share of GDP in the world in 2025, according to data compiled by the Stockholm International Peace Research Institute. Azerbaijan ranked 6th (6.5 percent) and Armenia 7th (6.1 percent) in SIPRI’s Top Ten countries in terms of highest military spending last year. The country with the highest spending on defense was, not surprisingly, Ukraine at 40 percent. Russia (7.5 percent)…

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