Baltics to up defence spending to three percent of GDP (Image Credit: Space war)
The Baltic states vowed on Friday to raise their defence spending to three percent of gross domestic product (GDP), amid security worries stemming from Russia’s invasion of Ukraine.
All three nations have been NATO members since 2004 and form a part of the Western defence alliance’s eastern flank.
“We will increase our defence investment towards three percent of GDP,” Latvian Prime Minister Krisjanis Karins told reporters after meeting with his Lithuanian and Estonian counterparts in Riga.
Wary of Russia after having spent decades under Soviet rule, the Baltic states are afraid they could be next on Moscow’s agenda were it to win in Ukraine.
Estonia, Latvia and Lithuania currently spend a respective 2.34, 2.10 and 2.36 percent of GDP on defence, according to NATO estimates.
The three countries have different timelines for when they plan to achieve their target percentage.
Estonian Prime Minister Kaja Kallas said her country will exceed the three-percent mark in 2024.
“Our trajectory has been mapped out, as have our purchases,” she said.
Latvia has not said when it plans to hit three percent, while Lithuania could reach it next year as budget rules allow it to borrow for that purpose.
Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
|
Tweet |
|
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook – our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don’t have a paywall – with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution. |
||
SpaceDaily Contributor $5 Billed Once credit card or paypal |
SpaceDaily Monthly Supporter $5 Billed Monthly paypal only |
Poland gets first shipment of S. Korean weapons
Gdynia, Poland (AFP) Dec 6, 2022
Poland on Tuesday received the first shipment of tanks and howitzers that it bought from South Korea as part of a drive to boost its defences following Russia’s invasion of Ukraine.
An EU and NATO member, Poland borders both Russia and Ukraine and has increased its purchase of weaponry after Kremlin began its war.
In July, it signed contracts to buy South Korean weapons including tanks, artillery and fighter jets.
The weapons “are necessary to prevent an aggression,” Polish President Andrzej … read more