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Rutte: NATO Allies Agreed to Spend 5% GDP in Defense
Bloomberg Televisionยท2025-06-25 13:13

Defense Investment Plan - NATO leaders agreed on The Hague Defense Investment plan, fueling a quantum leap in collective defense [1][2] - The plan aims to boost defense industries, increasing security and creating jobs [1] Financial Commitment - Allies agreed to invest 5% of GDP in defense [3] - At least 3.5% of GDP is invested in core defense requirements [3][4] - An additional 1.5% of GDP will go towards investments supporting defense and security [4] - The 3.5% investment will fund militaries and equipment, including air defenses, ammunition, drones, and tanks [4] Strategic Focus - NATO reaffirmed unwavering support for Ukraine [1] - The alliance is ready to defend every inch of its territory, ensuring the freedom and security of 1 billion people [2] - The decisions made will profoundly impact NATO's ability to deter and defend against challenges from Russia, terrorism, cyber attacks, sabotage, or strategic competition [1][2]