On February 14, NATO will release a statement saying defense spending among its 18 members will meet or exceed its target of 2% of gross domestic product (GDP) in 2024. A British newspaper reports this, citing sources in the North Atlantic Alliance. Finance Times (FT).
The publication emphasized that only five NATO member countries allocated more than 2% of their GDP to military needs in 2016. There were seven such countries in 2022, and last year there were already 11.
The newspaper’s interlocutor noted that the North Atlantic Alliance expects approximately two-thirds of the allied countries to reach the level of 2 percent of GDP.
Increasing defense spending by NATO countries is one element of a strategy designed to limit the possible negative consequences of Donald Trump’s possible return to the White House, according to European diplomats.
Previously reportedIt has been reported that a new center for strategy development and cyber warfare has been opened in Tartu, Estonia.
Previously in Germany explained Calls from the West to prepare for war with Russia.