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Europe on Track to Become Region With Fastest-Growing Defense Expenditures - Report Subscribe Sputnik International https://sputniknews.com/military/202102251082190023-europe-on-track-to-become-region-with-fastest-growing-defense-expenditures -report/ Even as the Kremlin’s military budget continues to shrink, Western military leaders are claiming Russia poses an “existential threat” to them, justifying greater and greater expenditures on their own weapons of war. A new report by a British think tank has warned that if present budgetary trends continue, Europe could become the world’s fastest-growing region in terms of military spending. On Thursday, the London-based International Institute for Strategic Studies (IISS) think tank released its Military Balance 2021 report, a broad annual measure of military trends around the globe. In the report, the academics note that defense spending by European nations, particularly those part of the North Atlantic Treaty Organization

United statesUnited kingdomUkraine generalTod woltersJens stoltenbergDonald trumpBarack obamaJohn chapmanDepartment of energyUs air force genInternational institute for strategic studiesAtlantic treaty organizationLondon based international instituteStrategic studiesMilitary balanceNorth atlantic treaty organization