NATO foreign ministers set to discuss defense investment

A meeting of NATO foreign affairs ministers is continuing on Wednesday with discussions of boosting defense investment and countering challenges coming from Russia and China. At the meeting, NATO foreign ministers will assess the new challenges threat…

A meeting of NATO foreign affairs ministers is continuing on Wednesday with discussions of boosting defense investment and countering challenges coming from Russia and China. At the meeting, NATO foreign ministers will assess the new challenges threatening the alliance, including the ‘growing strategic competition’ and ‘China’s increasing alignment with Russia,’ NATO Secretary-General Jens Stoltenberg said when opening the session. He stressed the need to continue supporting Ukraine, as well as partners such as Bosnia and Herzegovina, Moldova, and Georgia, all of which ‘face pressure from Russia.’ The foreign ministers will also talk about how to raise defense spending to meet the needs of ‘a contested and dangerous world,’ Stoltenberg added. He said he expects NATO allies to adopt a more ambitious ‘investment pledge with 2% of GDP as a minimum to be invested in defense’ at the NATO leaders’ summit this July in Vilnius, Lithuania. On day one of the meeting, the allies agreed to launch a multi-year program to support modernization of the Ukrainian army and reaffirmed NATO’s backing for Kyiv in the face of Russia’s war. On Tuesday, Finland joined NATO as its 31st member, in the process roughly doubling the alliance’s border with Russia.

Source: Anadolu Agency – English

Total
0
Shares
Previous Article

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Texas Capital Bancshares, Inc. Investors to Inquire About Securities Class Action Investigation – TCBI

Next Article

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited to Inquire About Securities Class Action Investigation – TTNDY

Related Posts

Kuwait oil price traded at US$89.45 pb

KUWAIT, April 14 (KUNA) -- Kuwait oil price rose by US$1.75 to US$89.45 pb on Thursday compared to US$87.70 pb on Wednesday, Kuwait Petroleum Corporation said on Friday. In international markets, forward Brent crude contracts moved down by $1.24 to set...

Turkish stock exchange ends Tuesday up 2.99%

Trkiye's benchmark stock index ended Tuesday at 4,984.11 points, up 2.99% from the previous close. After starting the day at 4,842.42 points, Borsa Istanbul's BIST 100 index earned 144.65 points compared to the previous close of 4,839.46. The index's ...