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London
Greater frequency of military exercises on Russia’s frontier
LONDON (20 October 2016) – Since the Ukraine crisis began, orders for new defence equipment in the Baltics has doubled and will double again in the next two years, according to analysis released today by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
Latvia, Lithuania and Estonia increased spending on new defence equipment from $210 million in 2014 to $390 million in 2016. Together by 2018, those three countries are expected to spend around $670 million a year on new equipment.
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