Contents tagged with Military Spending
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Denmark increases military spending because of Russia
Denmark’s parliament decided on Sunday, January 28 to increase the country’s military expenditure by 12.8 billion crowns or USD 2.14 billion over the next six years. "The threat posed by Russia is real and increasing, so we must show determination in strengthening our defense capacity, and we are determined," said Danish Prime Minister Lars Løkke Rasmussen, Reuters reports.
The budget will be used for the fight against cyber threats and for financing Denmark's international operations. …
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Russia among the top three in military spending
Russia was third in the world in military spending in 2016. This was reported by the Stockholm International Peace Research Institute (SIPRI).
Russia's expenditures on armaments were $69.2 billion, a 5.9% increase over the previous year. The United States remained in first place in terms of military spending; in 2016 its expenditures increased by 1.7% to $611 billion. China was second at $215 billion.
The amount spent on arms globally increased by 0.4% to $1686 billion. Total military …
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Finland will increase military spending because of Russia's foreign policy
The government of Finland will increase annual military spending by 55 million euros from the current level of 2.4 billion euros, Euobserver reports. After 2021, Finland will increase military spending by another 150 million euros annually.
These steps are in connection with an increase in military tension in the Baltic region and Russia's actions in eastern Ukraine. "Russia is trying to strengthen their status as a world power and expressed its intention to create a security system based on …
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Denmark to increase military spending due to 'Russian threat'
Denmark is planning to increase military spending due to Russia’s deployment of anti-ballistic missile systems in the Kaliningrad region, which is considered by the Danish Government as potential threat, as stated on Friday by the head of the Defense Ministry of the Kingdom, Claus Hjort Frederiksen.
"We can see today that the Russians are deploying new missiles in Kaliningrad which can reach Copenhagen. Of course, it is a serious threat,” the Minister said in an interview with the local …
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Due to Russian policy, Europe will increase military expenditures for first time in 20 years
European countries will increase their military budgets by an average of 8.3%, primarily due to Russian foreign policy. This is the first time in 20 years that military expenditures will go up in Europe. Expenditures will increase mostly in Eastern European, particularly in the Czech Republic, Hungary, Poland, Slovakia, Lithuania, Latvia and Estonia. The military budget of these seven countries will increase by 20%.
This was stated on the 19th of February by Defense News citing the report of …