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Denmark set to invest almost bn in defence in light of Ukraine war

Denmark set to invest almost $6bn in defence in light of Ukraine war

The Danish authorities introduced on Thursday that it plans to speculate the equal of $5.63 billion in defence over the following ten years in response to Europe’s safety state of affairs since Russia invaded Ukraine.

A big proportion of the cash is to be spent on rebuilding a “foundation for defence” and thereby modernizing it, mentioned the appearing Danish Defence Minister Troels Lund Poulsen at a press convention.

Many European nations have elevated their defence spending drastically within the final 12 months in response to the battle in Ukraine and the next altering safety panorama in Europe.

Poulsen highlighted varied gaps within the Danish defence system, equivalent to previous infrastructure and outdated IT techniques.

Recruiting issues are additionally set to be tackled utilizing the brand new funds.

“It is a collective failure that has put us in this situation,” mentioned Poulsen, referring to Denmark’s lagging defence structure. Defence has been uncared for by altering governments for a few years, he added.

Under the spending plan, Denmark would first attain the NATO goal of spending 2% of gross home product (GDP) on defence on the finish of the last decade in 2033. Most NATO members are nonetheless removed from reaching this goal.

Source: www.anews.com.tr