Russian President Vladimir Putin “has long since switched completely to a war economy,” and the country is currently producing as many weapons and ammunition in three months as the entire European Union does in a year, Pistorius said.
The U.S. and German governments announced plans for the deployment of U.S. missile systems that could reach Russia. These include nuclear-capable Tomahawk cruise missiles with a range of 2,500 kilometres, SM-6 anti-aircraft missiles and newly-developed hypersonic missiles.
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.
German military spending is set to increase by only EUR 1.2 billion (USD 1.3 billion) under the terms of the preliminary 2025 national budget agreed on Friday, far below the demands of Defence Minister Boris Pistorius.
German Chancellor Olaf Scholz is resisting a possible Western expansion in military backing for Ukraine, saying on Sunday he does not favour allowing Kiev to use German weapons to hit targets in Russia as German Finance Minister Christian Lindner said on Saturday in Italy the Group of Seven (G7) industrialized democracies still have “a lot of work to do” on using interest generated from frozen Russian assets to aid Ukraine.
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.”
