The NATO Summit in Madrid is expected to declare Russia an “immediate threat” and increase the high-strength forces east of the Alliance to 300,000 troops.
As stated by G.G. NATO Jens Stoltenberg, during a press conference today in Brussels, the NATO Summit in Madrid (June 28-30) will be “transformative” and will take many important decisions. He said that, among other things, the new “Strategic Doctrine” of NATO will be adopted, a fundamental change in the prevention and defense of the Alliance will be decided and support in Ukraine will continue, now and in the future.
“The new Strategic Doctrine will guide us into an era of strategic competition,” Stoltenberg said, adding that the Allies are expected to designate Russia as the most important and immediate threat to their security.
At the same time, the new NATO Strategic Doctrine will for the first time refer to China and the challenges posed by Beijing to the security, interests and values of the NATO Allies.
In addition, Stoltenberg said that the Madrid Summit would decide to strengthen the battle groups in the eastern part of the Alliance at the brigade level. “We will transform the NATO Response Force and increase our high-strength forces to over 300,000.”
In terms of defense spending, Stoltenberg said the figures show that 2022 will be the eighth consecutive year of increases between the European Allies and Canada. By the end of the year, much more than $ 350 billion will have been invested since 2014, when it was agreed to increase defense investment. Nine Allies now reach – or exceed – the 2% of GDP target. Nineteen Allies have clear plans to reach the target by 2024 and another five have specific commitments to meet it thereafter.
On Ukraine, Stoltenberg said the summit would agree on an “enhanced Integrated Assistance Package for Ukraine” that would include significant deliveries of support in areas such as secure communications, anti-drone systems and fuel. . He also said that in the long run, NATO would help Ukraine move from Soviet-era military equipment to modern NATO equipment and further strengthen its defense and security institutions.
Finally, the Summit will decide on joint funding for the Alliance, including a new € 1 billion NATO Innovation Fund for investment in emerging dual-use technologies.
Source: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
