Lithuania to allocate 0.25% of its GDP to support Ukraine

Lithuania has decided to allocate at least 0.25% of its GDP to support Ukraine's security and defence sector.

Source: Lithuanian President Gitanas Nausėda, as reported by European Pravda

Details: Nausėda said this was the decision of the country's State Defence Council at its meeting on Wednesday.

Quote: "Lithuania will continue to stand firmly with Ukraine until victory. We will always support freedom."

Today at the State Defense Council meeting, we agreed to allocate at least 0.25% of GDP for security& defense support to #Ukraine.

Lithuania will continue to stand firmly with 🇺🇦 until victory. We will always support freedom.#SlavaUkraïni pic.twitter.com/NNZh3oh9C3

— Gitanas Nausėda (@GitanasNauseda) June 26, 2024

Background:

• The day before, it was reported that Lithuania had allocated an additional €136 million for defence, which means the country's defence budget would now amount to more than 3% of its GDP.
• Lithuania is already one of the countries that spend the most on defence in NATO relative to the size of its economy.
• Earlier, NATO Secretary General Jens Stoltenberg said that more than 20 allies would reach or even exceed the 2% of GDP target this year.
• Polish President Andrzej Duda wants to promote the idea of raising the target to 3% of GDP.

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