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EU Ramps Up Defense Plans Ahead of NATO Hague Summit

Faced with what it calls a direct Russian threat, the EU plans to sharply increase military spending ahead of next week’s NATO summit.

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Overview

  • Kaja Kallas told MEPs that Russia is violating EU airspace, targeting critical infrastructure and recruiting criminals for sabotage operations near Europe’s borders.
  • The European Commission has proposed an 18th sanctions package designed to slash Russian oil revenues and weaken its ability to sustain the war in Ukraine.
  • Member states have agreed to invest an additional €650 billion in defense over the next four years, boosting their combined military budgets by roughly 1.5 percent of GDP.
  • A new SAFE action plan would unlock up to €150 billion in loans to expand Europe’s defense industry, secure long-term procurement and foster joint orders among EU countries.
  • At the June 24–25 summit in The Hague, leaders will consider raising NATO spending to as much as 5 percent of GDP and reaffirm more than €150 billion in cumulative aid for Ukraine.