NATO leaders agree to increase defence spending to 5% of GDP at the Hague summit

NATO agreed to increase defence spending from 2 % to 5% of GDP annually by 2035, announced Mark Rutte, the Secretary General of the Alliance, who addressed the media at the end of the formal part of the summit, which took place on 24-25 June in the Hague. According to Rutte, the new defence investment plan will be “decisive when it comes to ensuring effective deterrence and defence”.