The European Union is mobilizing up to 800 billion euros to strengthen the defense sector by 2030 as part of the Rearm Europe program. This was announced by European Commission President Ursula von der Leyen during the NATO summit, reports UNN.
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According to her, the EU is significantly increasing defense investments amid modern security challenges.
The European Union is indeed significantly stepping up its efforts. We have the Rearm Europe program, which mobilizes up to 800 billion euros by 2030
She added that 150 billion euros are separately allocated for joint defense procurement.
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