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War with Russia – Bloomberg found out how much money Europe needs for defense – UNIAN
Europe will need to increase spending to $720 billion a year.
Key European countries may need to double defense spending to respond to Russian aggression in Ukraine, as well as a possible decline in American support under Donald Trump's presidency.
The 15 largest European NATO members may have to increase military investment by $340 billion a year to $720 billion, according to a Bloomberg Intelligence report.
“Russian aggression has already fueled rising defense spending in Europe,” writes Bloomberg Intelligence analyst George Ferguson. “However, more may be needed to support Ukraine, counter Moscow's aggressive regional posture and address deepening strategic competition with…
