Russia has repeatedly claimed that the war in Ukraine is a "proxy war" and that the country is being used by its Western allies, such as NATO, to try to "defeat" Russia. NATO, which has supplied large amounts of military aid to Ukraine, says it is helping Kyiv to defend i...
The acting president of Romania has suggested the country could increase defence spending in the next year or two. Ilie Bolojan, the country's interim leader, said today that its defence spending target for 2025 is slightly higher than last year. Military expenditure could reach 3% o...
By Tom Balmforth (Reuters) - A global "peace summit" for Ukraine may now take place in February 2024, a top Kyiv official said on Thursday amid concerns in the West that the war in Gaza is making it harder to win over diplomatic support for Kyiv's blueprint for peace. Ukraine ...
More than half of all planned Ukrainian budget spending next year, or 1.7 trillion hryvnias, is planned for the defence sector to fund the war effort against Russia, which launched a full-scale invasion in February 2022. "The key focus of this draft is defence and security o...
As it has strengthened its defenses against Russia, Ukraine's military spending has risen by 72% since the annexation of Crimea in 2014. Spending fell in 2021 to $5.9 billion, but still accounted for 3.2% of the country's GDP. —Holly Ellyatt ...
Nearly half of the U.S. public believes the country is spending too much on Ukraine, according to a recent Gallup poll. The U.S. election campaign has already negatively affected the delivery of more aid to Ukraine. Currently, a 60-billion-U.S.-dollar package of aid to Ukraine is stall...
Warsaw has also introduced the "Homeland Defence Act", which increases defense spending to 3 percent of GDP, and more than double the size of its armed forces. Deputy Prime Minister Jarosław Kaczynski applauded the support of Poland's NATO allies, but said that the country...
The report said a key risk to the outlook is a further worsening of the current drought, which is having a devastating effect on food security and livelihoods in affected parts of the country and is necessitating increased social spending on food assistance. ...
32 Consumer impact Global inflation was already poised to affect consumer spending in 2022 and beyond. Overall consumer sentiment has been deteriorating for the past two years. Gasoline prices have made people rethink their mobility. Now, with the war driving sudden spikes in energy prices, it's...
By Idrees Ali (Reuters) -The Wagner Group, a Russian private military company, is trying to recruit over 1,500 convicted felons to take part in Russia's war in Ukraine, but many are refusing to join, a senior U.S. defense official said on Monday. "Our ...