BRUSSELS (Reuters) – Military spending by NATO countries is set to fall again this year in real terms despite increased tensions with Russia and a pledge by alliance leaders last year to halt falls in defense budgets, NATO figures released on Monday showed.
The figures showed defense spending by the 28 members of the alliance is set to fall by 1.5 percent in real terms this year after a 3.9 percent fall in 2014.
The fall comes at a time when tension between NATO and Russia is running high over the Ukraine conflict. Russia has sharply raised its defense spending over the …read more
Source: Newsweek
