NATO commits to spending hike

THE HAGUE, Jun 26 (WAM/APP/DNA):NATO leaders, concluding a brief summit in the Netherlands, endorsed the significant increase in defence spending long advocated by U.S. President Donald Trump.
They reaffirmed their unwavering commitment to collective defense, a principle Trump had seemingly wavered on earlier in the week, much to the relief of his allies
In a joint declaration, NATO leaders said they were “united in the face of profound security threats and challenges,” in particular the long-term threat posed by Russia to Euro-Atlantic security and the “persistent threat” of terrorism.
“Allies commit to invest 5% of GDP annually on core defence requirements as well as defence-and security-related spending by 2035 to ensure our individual and collective obligations,” it continued.
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