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Investing.com -- In an effort to reinforce security in Europe, NATO partners have committed to increase their defense spending, according to German Foreign Minister Annalena Baerbock. The move is aimed at responding to perceived threats from Russia.
Baerbock declared the decision during a meeting of NATO foreign ministers in Brussels on Thursday. The collective security of Europe, a key aspect of NATO’s mission, will be further bolstered by an investment of 800 billion euros ($888.32 billion) over the next four years.
"We as NATO partners in their entirety will further expand the pillar of European security - 800 billion euros ($888.32 billion) over four years will be strengthening our own security," Baerbock stated.
The decision underscores a united front among NATO partners to ensure the continued security and stability of Europe in the face of potential threats.
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