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The European Union has released a new defense industry strategy and program in response to Russia's invasion of Ukraine, calling for increased collaboration among member states and greater spending on defense procurement within the bloc. The plan includes mobilizing 1.5 billion euros of the EU's budget for defense over 2025 to 2027 and setting up an office in Kyiv to promote cooperation between Ukraine's military and businesses and EU firms. Former US President Donald Trump has expressed concern about insufficient European military spending, but the European Commission Vice President emphasized the importance of the EU having its own defense strategy. #AsiaRisk #GeopoliticalConflictandDisputes #Japan Follow us for daily updates on risk and operations in Asia! https://lnkd.in/gz34V-Dj

EU outlines new plan to bolster defense industry | NHK WORLD-JAPAN News

EU outlines new plan to bolster defense industry | NHK WORLD-JAPAN News

www3.nhk.or.jp

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