TRENDS IN SECURITY ENVIRONMENT –DEFENCE EXPENDITURE IN THE BLACK SEA REGION
TRENDS IN SECURITY ENVIRONMENT –DEFENCE EXPENDITURE IN THE BLACK SEA REGION

Author(s): Cristian Băhnăreanu
Subject(s): Politics / Political Sciences, Security and defense, Welfare systems, Geopolitics
Published by: Carol I National Defence University Publishing House
Keywords: economic power; military power; defence expenditure; defence and security capabilities; financial and economic crisis; the Ukrainian crisis;
Summary/Abstract: Over the past ten years, the dynamics of defence expenditure in the Black Sea region has been directly influenced by two major events with diametrically opposed effects.Firstly, the financial crisis triggered in 2008 and the spread of its economic negative effects until 2012-2013, led to a drastic decrease in military budgets in the area. Secondly, the annexation of the Crimea by Russian Federation in 2014 and the subsequent Ukrainian crisis had the effect of increasing the military spending of the riparian states. Nowadays, the Black Sea region - the NATO member countries, on the one hand, and the Russian Federation, on the other - is the scene of some military developments that seem to maintain the state of instability of the regional security environment. The aim of this paper is to analyse the security trends in the Black Sea region based on one of the most important indicators, namely the defence expenditure.

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