defense spending

Over half of EU nations plan emergency measures to boost military spending

More than half of European Union countries plan to invoke emergency provisions to increase defense investments beyond the bloc’s budget limits, with 12 already submitting requests to the European Commission, Politico reported on April 30, citing an EU Council statement.

1 May 2025, 05:13 PM

Norway considers major Ukraine aid boost after White House dispute

The Norwegian government is considering a significant increase in military aid to Ukraine and expanding its own defense budget in response to recent events at the White House, Euractiv reported on March 1.

3 March 2025, 05:30 PM

European defense industry stocks surging as transatlantic alliance shifts precariously

Europe’s defense contractors are experiencing a sharp increase in stock valuations, with investors expecting a surge in EU regional security investment, Reuters reported on Feb. 19.

20 February 2025, 01:22 AM

Russia fields more brigades than Ukraine and EU combined, Zelenskyy warns

The Russian military currently has more combat brigades than Ukraine and the rest of Europe combined, Ukrainian President Volodymyr Zelenskyy said at the Munich Security Conference on Feb. 14.

14 February 2025, 08:49 PM

Ukraine's January budget soars: Revenues and expenditures surge

Ukraine's state budget revenues reached UAH 282.8 billion ($6.8 billion) in January 2025, with UAH 128.2 billion ($3 billion) allocated to the general fund, an increase of 83.4% and 10.5%, respectively, compared to January 2024, respectively, Interfax-Ukraine reported on Feb. 6, citing the State Treasury's operational data.

6 February 2025, 10:07 AM

Poland: Spend big to keep U.S. close, Russia out

Polish Defense Minister Władysław Kosiniak-Kamysz called for increased defense spending in Europe to "maintain the American presence" and keep Russian troops away, Politico wrote on Feb. 5.

5 February 2025, 12:05 PM

Spend more on defense or start learning Russian, Rutte tells EU

EU members need to substantially increase their defense spending and continue providing military aid to Kyiv, NATO Secretary-General Mark Rutte said on Jan. 13.

13 January 2025, 10:25 PM

Moldova identifies Russia as top security threat

The Moldovan Parliament has approved the National Defense Strategy for 2024–2034, outlining key measures to address rising threats from Russia and other geopolitical challenges, local broadcaster Radio Europa Liberă Moldova wrote on Dec. 26.

28 December 2024, 09:43 PM

Ukraine’s defense industry remains hugely underutilized — Chmut

The Ukrainian defense industry is rapidly expanding and could become a major global player, but only 30% of its maximum capacity is currently being used, Taras Chmut, head of the Come Back Alive foundation, said on Dec. 19.

20 December 2024, 02:07 AM

US contribution to European security ‘unfairly’ large compared to EU — Lithuanian MP

The EU continues to invest too little in European security compared to the United States, a member of Lithuania’s parliamentary Defense Committee, Dovile Šakalienė, said on Dec. 11.

11 December 2024, 11:48 PM

NATO aiming to increase defense spending to 3% of GDP

NATO is planning to set new, more ambitious targets for weapons production, which could require raising the defense spending benchmark to 3% of the gross domestic product (GDP), Bloomberg reported on Dec. 11, citing sources.

11 December 2024, 02:56 PM

Cabinet prepares 2025 budget draft for second reading

The Cabinet has approved a draft of 2025 state budget for second reading in the parliament, Ukrainian PM Denys Shmyhal announced on Nov. 8.

8 November 2024, 09:27 PM

London earmarks $3.9 billion for Ukraine military aid in 2025

UK’s 2025 defense budget includes GBP 3 billion ($3.9 billion) for military aid to Ukraine, Chancellor of the Exchequer, Rachel Reeves, announced on Oct. 30.

31 October 2024, 01:27 AM

Russia spends more on Ukraine war in one week than 80% of its regions in one year

Russia spends more on its war against Ukraine in a week than 80% of its regions spend in a year, The Moscow Times reported on Oct. 15.

16 October 2024, 10:58 AM

Kremlin’s defense spending hike could destabilize Putin's regime, warns ISW

Russia’s plans to increase its defense spending by 25% to RUB 13.5 trillion ($145 billion) in 2025 could undermine the stability of dictator Vladimir Putin's regime, the Institute for the Study of War (ISW) wrote in its Sept. 30 report.

1 October 2024, 09:39 AM

Russia’s 2025 military spending to reach $145 billion

The Kremlin is planning to increase its defense spending by 25% in 2025, reaching RUB 13.5 trillion ($145 billion), Reuters reported on Sept. 30, citing a draft of Russia’s federal budget for the next year.

30 September 2024, 09:52 PM

New NATO chief Mark Rutte to face multiple challenges in maintaining alliance unity

New NATO Secretary General Mark Rutte will need to leverage his coalition-building skills to maintain unity within the alliance amid the Ukraine-Russia war and political uncertainty in Washington, according to a Reuters report published on Sept. 30.

30 September 2024, 04:15 PM

Ukraine aims to cut public debt to 97% by 2025

The Ministry of Finance expects a reduction in public debt by 2025, from 100.5% to 97% of GDP. This was announced by Finance Minister Serhiy Marchenko during a briefing at Media Center Ukraine on Sep. 24.

24 September 2024, 05:15 PM

Ukraine invested $7 billion in domestic defense industry in 2024

In addition to the continued flow of military aid from international partners, Ukraine has spent $7 billion on domestic arms procurement in 2024, Defense Minister Rustem Umerov said on Aug. 27.

27 August 2024, 11:46 PM

Ukraine's financial stability hinges on international partners support, NBU Chair says

Ukraine works with international partners to secure $31 bln and $21 bln in financing for 2025 and 2026, respectively, amid its financial prospects uncertainty, NBU Chair Andriy Pyshniy wrote in his column for Ukrinform agency, published on Aug. 8.

8 August 2024, 01:18 PM

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