The High Price of Defending Europe Against Russia
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Published 2024-05-24
In the Baltics, the number of allied troops is rising. It’s there that NATO is planning to station new brigades, with soldiers from Canada in Latvia, UK troops in Estonia and German forces in Lithuania. But all of these efforts, including continuing aid to Ukraine, will require a lot more funding. Alarms are ringing all across the continent about how much more NATO members will need to spend to give Russia pause, especially if Trump takes over in the White House. In 2014, when Russia invaded Ukraine’s Crimean peninsula and Donbas region, NATO members promised to spend 2% of GDP on defense. A decade later, only about half of them met that target. Though Vladimir Putin has said he has no intention of challenging NATO, experts are estimating that member states need to double their military spending to 3-4% of GDP, close to Cold War levels of spending, just in case.
Read more on Bloomberg.com: www.bloomberg.com/news/articles/2024-06-07/nato-sc…
01:14 Baltic Countries Prepare for NATO Soldiers
03:10 NATO Defense Spending Commitments
3:50 Germany Ramps up Defense Spending
4:44 Benefiting Companies: Rheinmetall and Hensoldt
5:12 Not Enough to Deter Russia
6:20 Unequal Burden and Painful Choices
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All Comments (21)
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Get unlimited access to bloomberg.com/ for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=YoutubeO…
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the problem with the 2% is that the cost of weapons made in the west are just ridiculously high.
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I spend 40% on food and rent.
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Russia isn't invading nato
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WHO PROFITS? NOT THE DEAD. NOT THE POOR.
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Peasants like to think the Government is worried with their protection.
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... Who would actually expect Russia to attack a NATO country? Both Russia and NATO are aware of the risks of direct confrontation potentially escalating to nuclear hazard.
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Poland is spending 4%
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2022: Russia is so weak, it cant even win against small Ukraine 2024: Russia is one step from invading Euurope, prepare to defend! lol
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Feed the Military Industrial Complex!
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It’s 30 countries vs 1 lol
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easy fix let Russia build a base in Mexico, problem solved
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The title of this video should have been - "The high price of running a proxy war against Russia"
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Russia is a nuclear power If Nuclear weapons are unleashed all this soldiers are history
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And what about the encirclement of Russia by NATO countries all the years after the collapse of the USSR? The US almost brought the Third World War because of missiles in Cuba (which were placed there in response to US missiles in Turkey) - do you think Russia should smile at the encirclement of its borders? If NATO wasn't expanding eastward, the spending wouldn't be necessary. Lithuanian with talk about "imperialism" is straight "the best expert")
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The cope is strong in this video. I love it.
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NATO a defense organization that attacked Yugoslavia, Afganistan and provides guns to attacked non member countries = "Defense Organization"
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You are not detering anything by involving yourself in war outside of your business and borders, you are bringing danger to yourself.
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"Why spend $1 preventing something when you can spend $100 treating it?" Same thing applies to diplomacy versus military spending.
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I am reminded of Dialogue in Tamil movie(Indian) Where the Hero says : " Hey , Pigs comes in groups But the Lion comes Alone" 10 Trillions $ Cost against one Country " Russia" . How cheap it would have been if these Countries Guarenteed Russian security.
