Nuclear powers spent a record of $119 billion on arsenals in 2025, as the world’s nine nuclear-armed states significantly increased their weapons-related expenditure, according to a new report by the International Campaign to Abolish Nuclear Weapons (ICAN).

The figure marks a 19 percent rise from 2024, with nuclear powers spending $17 billion more than the previous year. ICAN warns that the increase reflects a broader trend that is likely to continue for decades. The report covers the United States, Russia, China, the United Kingdom, France, India, Israel, Pakistan, and North Korea.

ICAN warns of a new nuclear arms race

As per the Nobel Peace Prize-winning organization, rising geopolitical tensions are fueling what it describes as a new nuclear arms race. ICAN has also raised concerns over the possible role of artificial intelligence in nuclear decision-making, warning that AI could accelerate the process leading to the potential use of nuclear weapons.

Susie Snyder, ICAN’s program coordinator and one of the report’s authors, described the figures as deeply troubling. Speaking to Agence France-Presse, she declared it’s deeply terrifying.

US spent more than all other nuclear powers combined

The United States remained the world’s largest nuclear spender in 2025, allocating $69.2 billion to its arsenal. That was $12.4 billion more than in 2024 and more than the combined total spent by the other eight nuclear-armed states. China ranked second, with estimated spending of $13.5 billion. The United Kingdom followed with $12.6 billion, while Russia spent $9.5 billion.

According to ICAN, the nine nuclear-armed countries have spent over $470 billion on their arsenals in the past five years.

Long-term nuclear programs could last beyond 2100

The report reveals that nuclear weapons spending is expected to continue rising as countries modernize and maintain their arsenals over time. ICAN points to spending plans in the United States, the United Kingdom, and France that could necessitate billions of dollars through the end of the century. Other nuclear-armed states are also developing weapons systems designed to remain in service for decades.

In the United States, the planned Sentinel intercontinental ballistic missile program is expected to remain operational beyond 2100. Based on the report, expanded US production of plutonium pits could support nuclear warheads until at least 2120. ICAN estimates that the United States alone is expected to spend nearly $1 trillion on its nuclear arsenal between 2025 and 2034.

Report compares record spending by nuclear powers with global needs

The scale of spending, ICAN says, comes as governments face pressing global challenges, including health care, food security, and humanitarian needs. According to Snyder, the amount spent by nuclear-armed states in 2025 would have been enough to fund the United Nations budget dozens of times over. She added that a single day of nuclear weapons spending could have guaranteed food security for two million people last year.

The report argues that nuclear-armed countries are committing public resources to weapons that, according to Snyder, they “could not use without committing a war crime.” ICAN maintains that the latest figures show that nuclear weapons spending is becoming a long-term strategic priority rather than a short-term response to current global tensions.

Water loss in parts of Greece’s aging water networks exceeds 50 percent, according to a new analysis by EY-Parthenon, highlighting the urgent need for infrastructure upgrades and a new approach to water management.

The report warns that climate pressures, prolonged drought, declining water reserves, and outdated infrastructure are pushing Greece’s water sector to a critical turning point.

Greece’s water networks are now increasingly viewed as core national infrastructure with direct implications for economic stability, environmental protection, and long-term public planning.

A loss of over 50% in some of Greece’s aging water networks

According to EY-Parthenon, the global strategy consulting arm of Ernst & Young (EY), water losses across Greek networks exceed 30 to 40 percent in many cases, while certain areas face losses of over 50 percent. The high losses reflect aging infrastructure, insufficient maintenance, limited monitoring of water flows and consumption data, and the need for more efficient management systems.

The analysis also notes that water reuse remains extremely limited in Greece, at around two percent. At the same time, irrigation accounts for approximately 85 percent of total water consumption. More than 70 percent of irrigation water comes from underground reserves, which highlights the need for more efficient resource use and a more pronounced shift toward circular water management.

Fragmented water sector faces growing pressure in Greece

EY-Parthenon identifies fragmentation as one of the main weaknesses of Greece’s water management sector. The market includes 129 municipal water and sewage companies, more than 450 irrigation organizations, and a broad network of local authorities. This dispersed operating model makes coordination harder, limits economies of scale, and slows modernization projects.

The challenge becomes more urgent as the sector faces increasing demands related to resilience, governance, service quality, and regulatory compliance. Numerous smaller providers remain under financial pressure, as revenue from water bills often does not fully cover operating costs or support major infrastructure investments.

Greece’s water infrastructure needs reach €10 billion

Although the sector faces serious structural problems, EY-Parthenon sees significant room for investment in Greece’s water market. The country’s medium- and long-term infrastructure needs stand at around €10 billion ($11.5 billion). Meanwhile, Greece’s two largest water companies have planned or ongoing investments that exceed €3 billion ($3.46 billion).

These investments focus on network upgrades, expansion, modernization, and efficiency improvements. According to the report, investor confidence in the sector also continues to rise, as shown by the recent market performance of listed companies operating in the water industry.

New rules could reshape Greece’s aging water networks

Changes in Greece’s regulatory framework could further transform the sector. The expanded role of the Regulatory Authority for Waste, Energy and Water (RAAEY), stricter European obligations on wastewater management, and efforts to reduce fragmentation are shifting reform from discussion to implementation.

These changes create opportunities, but they also impose new requirements on water providers. They call for greater transparency, more rigorous reporting obligations, improved accountability, and more reliable long-term planning. EY-Parthenon emphasizes that the sector’s future challenges are not only technical. They also involve financial sustainability, pricing policies, digital transformation, investment priorities, and cooperation between public and private stakeholders.