Lithuania to allocate 0.25% of its GDP to support Ukraine
Andrii Synyavskyi — Thursday, 27 June 2024, 08:44
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."
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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