The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member states of the North Atlantic Treaty Organization, such as Germany, have made a turnaround in their defense budgets in recent weeks.
“The Russian invasion of Ukraine was a wake-up call for many Germans, politicians and voters, who would previously have been skeptical that military power could still be an important tool of influence in Europe today,” Sophia Besch said. senior research fellow at the Center for European Reform, in an interview with Slice Mag.
Poland has proceeded to increase defense spending to 3% of GDP. Germany has signed a deal to buy F-35 fighter jets, and several NATO allies are looking to upgrade from Soviet-era equipment, such as MiG-29s and Russian-made surface-to-air missile systems, to US-made weapons. The United States, by far the largest military spender in the NATO alliance, wants to increase its own defense budget while selling high-tech weapons to friendly nations.
Watch the video above to find out how the Russian invasion of Ukraine could spark a surge in military spending across Europe.