Europe

European Commission President Ursula von der Leyen told Euronews in February that since the invasion of Ukraine, European Union member states have increased their military spending: in 2022, a total of €240 billion (us$253 billion); in 2023, €280 billion ($303 billion); and this year, an expected €350 billion ($380 billion).

Those are some astonishing increases. By comparison, China’s draft budget revealed that funding for national defense will reach $233 billion this year. The United States military budget is about $825 billion for 2024.

Read more at “Is Undertaking a Massive Arming Spree”