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As NATO races to supply Ukraine before Trump takes office, Europe is struggling to touch two percent of its GDP on defence expenditure while Russia plans to spend more than 32 percent of its national budget on its military.
Russia’s war on Ukraine has prompted Germany to revisit its defence posture, which increasingly suffered from a lack of investment since the end of the Cold War as imminent threats appeared to diminish. The legislation must now pass through Germany’s two houses of parliament. It could come into force in May of next year.
Economic researchers and partners in the ruling coalition led by Chancellor Olaf Scholz have warned of immense economic costs and legal difficulties that could result from plans for military conscription proposed by Defence Minister Boris Pistorius in June in an attempt to boost the numbers of the German armed forces.
Russia has criticized the planned stationing of long-range US weapons in Germany as a return to the Cold War, after German leaders said the step was necessary due to the increased threat posed by Russia to European security. “We are well on the way to a Cold War. This has all happened before,” Kremlin spokesman Dmitry Peskov said on Thursday.
Russia has set up manufacturing of the Mango armour-piercing tank round in India, designed to be fired from the guns of T-72 and T-90 Main Battle Tanks and penetrate composite armour. It has also announced the delivery of 35,000 AK203 rifles to the Indian defence ministry, manufactured by the Indo-Russian Rifles Private Limited joint venture at Korwa Ordnance Factory in Amethi in Uttar Pradesh.