‘Significant progress’ made on defence investment, Nato chief announces

Addressing journalists following the Nato defence ministers’ conference, Jens Stoltenberg, the secretary-general of the alliance, stated that “today we have made significant progress in terms of resourcing our new defence plans and bolstering our transatlantic defence industry.”

He emphasized that this endeavor necessitates substantial investment, adding that they are on the right trajectory to achieve their objectives.

Stoltenberg revealed that by 2024, European Nato members will contribute a combined sum of $380 billion toward defence, which corresponds to 2% of their total GDP for the first time.