
A new NATO overview says the record €90.6B on defence expenditure, to which Berlin committed for the first time this year, corresponds to a 2.12 percent share of the forecast German GDP, and is higher than expected at the beginning of the year.
NATO allies are planning to launch a new project in support of Kiev, dubbed “NATO Mission Ukraine“, at their next summit in Washington. The German government is reportedly concerned that designating the project a mission could be understood as NATO planning to send troops to Ukraine, and prefers the name, “Pledge Assistance Coordination Training” – or “PACT“.
Scholz: “At best, it’s the start of a process that could lead to direct talks between Ukraine and Russia. In Switzerland, it will be about the safety of nuclear power plants, grain exports, the issue of prisoner exchanges and the necessary taboo on the use of nuclear weapons. Once again, this is all still in its infancy.”
Nicaragua argued that by providing political, financial and military support to Israel and by defunding the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), “Germany is facilitating the commission of genocide and, in any case has failed in its obligation to do everything possible to prevent the commission of genocide.”
The €100 billion ($107 billion) special fund created to update
Germany’s military after Russia invaded its neighbour in 2022 will be used up in a few years, Lindner said.
The armed forces will then have to be upgraded from regular funds. But this won’t be possible with a limited budget and
ever-growing debt, the finance minister went on.
Unsurprisingly, India’s two largest defense suppliers are also the biggest exhibitors at the show. Israel has taken up the most space at the show with 1,293 square meters and Russia brings the largest number of companies to the show, with the count at 37.