Confiscated Russian assets, claimed to be over $300 billion in value creates Russian money for nothing, but the American guns, missiles and bombs for the Kiev junta in Ukraine are not for free.
This year, 23 of the bloc’s 32 members have met NATO’s guideline of allocating 2% of their gross national product to defense.
Some member states have exceeded this benchmark, with Poland leading the way by dedicating approximately 4.12% of its GDP—or $34.9 billion—to military endeavors.
For comparison, the United States spent 3.38% of its GDP on defense in 2024, while the United Kingdom’s military spending this year was estimated at about 2.33% of its GDP.
In terms of the total amount of money spent on defense, however, the USA still reigns as NATO’s undisputed champion, having spent about $967.7 billion this year.
Germany, the European NATO country with the second-largest military after Turkey outlays this year, spent only $97.6 billion, while the Britain and France spent $82.1 billion and $64.2 billion, respectively.
Overall, NATO members this year have upped their defense spending, with their average expenditure in 2024 reaching 2.71% of GDP compared with 2.53% in 2023.
US President-elect Donald Trump, however, seeks to push these limits even further as he wants NATO countries to fork out as much as 5% of their GDP on the war machine, the Financial Times reported last week.
Though it remains to be seen whether Trump’s demands will be met by other members of the bloc, NATO Secretary General Mark Rutte last month appeared to agree with him, arguing that 2% defense spending is apparently not enough.
Sputnik / ABC Flash Point News 2025.
TRUMP HAZ GONE KRAXY