Press Releases

Australia to Increase the Defence Budget to 2.3% of GDP by 2034

Australian Defense Minister Richard Marles announced plans  to increase spending on the production of weapons and strengthen the combat capability of the Australian armed forces to 2.3% of GDP by 2034. The minister added that the planned total amount of financing for the country's defence spending until 2034 will be about $507.7 billion. According to…
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Lebanon will receive €1 billion from the EU by 2027

The head of the European Commission, Ursula von der Leyen, announced that the European Union will allocate €1 billion to Beirut for the period from 2024 to 2027. The support is aimed at combating illegal migration, but the allocated funds are also planned to be used to strengthen education, social protection and healthcare. Von der…
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Argentina Keen on NATO “Global Partner” Status

Argentina's Defense Minister Luis Petri announced Argentina's request to join NATO as a global partner. Petri stated that he had given NATO Deputy Secretary General Mircea Geoană a letter of intent containing the aforementioned request from Buenos Aires.  During the meeting, the Argentina's Defense Minister and the Deputy Secretary General of NATO exchanged views on…
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General Assembly adopts landmark resolution on artificial intelligence

The UN General Assembly announced the unanimous adoption of a 13-point resolution aimed at regulating and ensuring the security of the field of artificial intelligence (AI). The resolution was prepared and submitted by a US-led group of more than a hundred participants. It became the first document regulating the AI industry and at the global…
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The EU Presents First Ever Defence Industrial Strategy

EU foreign policy chief Josep Borrell presented the first-ever European Defence Industrial Strategy. The strategy is designed to strengthen the European defense industry in modern realities. During the presentation, Borrell noted that the member states of the European Union (EU) have increased defense production by 50% since 2022. According to Borrel, the sharp increase in the…
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The NATO military budget for 2024 increases by 12%

The North Atlantic Council announced an increase in the civil and military budgets. Thus, the civil budget will amount to €438.1 million, while the military budget is set at €2.03 billion. These amounts are 18.2% and 12% higher than the budgets for the current year.   The alliance's press release says that the NATO common…
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US administration requests $2.2 bln for the enriched uranium production

The White House has sent a request to the US Congress to allocate $ 6 billion to ensure "Protect American Security and Bolster Energy Independence," $2.2 billion of this amount is planned to be spent to "improve long-term, domestic enrichment capabilities for low-enriched uranium and high-assay low-enriched uranium." The press release says that the allocation…
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Stability is Cracking: Interim Results of the NPT Review Conference

The Tenth NPT Review Conference is still ongoing, and this year the conference is taking place in very specific circumstances and in the context unprecedented tension between the nuclear weapons states since the end of the Cold War. Thus the statements made by the parties during the conference to some extent clarify the shape of…
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Temporary Measures: Russia’s MFA on the START Inspections

Russia decided to temporarily  exempt the inspection activities from the facilities subject to inspection under the Treaty on Measures for the Further Reduction and Limitation of Strategic Offensive Arms (New START). The Russia's Ministry of Foreign Affairs issued the message at the website on 8 August. The Ministry infromed the US through diplomatic channels.  The…
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Global Economy: Balancing in the Storm

A perfect storm – this is how, according to WEF experts, the current geo–economic situation in the world can be characterized. Instead of recovering from the COVID-19 pandemic, the world economy is facing new shocks that could lead to a decline in economic growth, accelerated inflation, energy and food crises. The prospects of the world…
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