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The Graphic Truth: Who spends the most on the military?

Russian President Vladimir Putin upped the ante this week by announcing a partial mobilization of 300,000 reservists to Ukraine. (For context: Russia invaded Ukraine in February with 150,000 troops.) This development, analysts say, is one of the surest signs to date that Putin’s war is flailing. In fact, since the beginning of the war, observers have been stunned by the ineptitude and ill-preparedness of the Russian military considering that almost 11% of the Kremlin’s total budget goes towards military expenditure. How does Russia’s military investment – and active military personnel count – compare to other G20 nations? We take a look.

This article comes to you from the Signal newsletter team of GZERO Media, a subsidiary of Eurasia Group that offers balanced, nonpartisan reporting, and analysis of foreign affairs.

Gabriella Turrisi

The Graphic Truth: The cost of America's post-9/11 wars

In the two decades since 9/11, the US government has spent an astounding $8 trillion on the resulting Global War on Terror, which included invasions of Iraq and Afghanistan and more limited involvement in other conflicts around the Middle East and Asia. The human costs in affected countries are staggering: almost a million dead, and 38 million refugees or internally displaced people. Meanwhile, a select group of US-based arms companies benefited immensely — if you'd invested in them in 2001, you'd have seen a return twice as large as the average for blue-chip firms during that time frame. Here we take a look at US military spending, top US defense contractors' stock prices, death toll, and displaced people in the US-led Global War on Terror.

Editorial note: An earlier version of this graphic incorrectly listed the amount spent on US veterans' care and the breakdown of deaths in the Global War on Terror. We apologize for the errors.

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