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Monday, April 13, 2015

Ukrainian Crisis Prompts European Countries to Boost Military Spending

HMS Helsingborg (K32)The political and military crisis in Ukraine prompted European countries to increase their military spending, an arms watchdog said Monday.

"The Ukraine crisis has fundamentally altered the security situation in Europe, but so far the impact on military spending is mostly apparent in countries bordering Russia," Sam Perlo-Freeman, one of the authors of the report "Trends In World Military Expenditure, 2014", was quoted as saying in the press release issued by the Stockholm International Peace Research Institute (SIPRI).

The institute named Russia, several Central European states, the Baltics and the Nordic nations among the countries that revised its military expenditure amid the conflict in Ukraine.

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