BRUSSELS (AP) — U.S. allies in Europe and Canada have increased defense spending for a sixth consecutive year but most of them will still fail to achieve a NATO spending ambition by the target date of 2024, according to new figures being discussed by defense ministers on Thursday.
NATO countries slashed their military budgets in the 1990s after the Cold War, but they were spurred back into action when Russia annexed Ukraine’s Crimean Peninsula in 2014. That year, the allies pledged to halt the cuts and move toward spending 2% of their gross domestic product on defense by 2024.
According to the …read more
Source:: KXAN
