Britain’s defense spending will reach 2.5% of GDP by the end of this decade, Prime Minister Boris Johnson said today, speaking at the NATO summit in Madrid. The British Prime Minister also said that Russia’s decision to leave Snake Island, a strategic outpost of the Black Sea, is a testament to Ukraine’s ability to retaliate. […]
Tag: defense spending
YPAM Britain: The country must continue to increase investment in defense
Britain must continue to increase investment in defense to meet threats not only from Russia but also from China and other countries, British Defense Secretary Ben Wallace said today. “I have always said that as the threat changes, so must funding,” Wallace told a conference hosted by the Royal United Services Institute, a think tank […]
The Commission today presented a European plan for joint procurement in the field of defense
A European plan for joint procurement in the field of defense was presented today by the European Commission. Responding to the 11 March Versailles European Council request for “strengthening Europe’s defense capabilities in the light of the Russian military offensive against Ukraine”, the Commission presented a plan to fill the gaps in European defense, in […]
N. Hardalias: We invested correctly in the equipment
Recent developments (in Ukraine) confirm in a clear and concise manner the government’s decision to invest in strengthening the country’s deterrent capacity, through interventions aimed at both ensuring the adequacy of existing defense equipment and the acquisition of new capabilities in the field. of existing technology. This was emphasized by the Deputy Minister of National […]
Finland to increase defense spending “whether or not it joins NATO”
Finland puts the country’s defense at the forefront, whether or not it joins NATO’s defense alliance, according to Finance Minister Annika Saarikko. According to Bloomberg, Finland, which has a 1,300-kilometer border with Russia, has begun reconsidering its long-term stance on staying out of NATO following Russia’s invasion of Ukraine. Although the scale of the attack […]
China: Military spending will increase by 7.1% in 2022
China will increase its military budget by 7.1% this year, the finance ministry said today, amid escalating international tensions fueled by Russia’s military invasion of Ukraine. This percentage is higher than the growth rate of military spending last year (+ 6.8%). China will get 1.45 trillion with these expenses. yuan ($ 230 billion) the second […]