Ukraine Invasion Prompting European Defense Spending Hikes

Andersson
Swedish Prime Minister Magdalena Andersson has pledged to raise defense spending to 2% of GDP.
Credit: Jessica GOW / TT News Agency / AFP / Getty Images
Sweden has joined the growing list of European countries set to hike defense spending in response to Russia’s invasion of Ukraine. Sweden’s government announced it would raise spending on defense to 2% of gross domestic product (GDP) and that budgets would be allocated “as soon as it is practically...

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