EU to cut defense budget to €700B

European Commissioner for Defense and Space Andrzejus Kubilius stated that the military budget of European Union countries should grow to 700 billion euros per year over the next ten years. According to him, increased spending will ensure higher defense capabilities for member states, help modernize military equipment, and respond to growing geopolitical tensions. The statement emphasizes the need to strengthen the EU's unified defense space and establish coordinated strategies for the development of the defense industry.

Context

Kubilius is the European Commissioner for Defense, appointed in 2022, responsible for the strategy and development of EU defense policy.