Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

NATO allies agree plans for defence against Russian attack -sources

Published 07/10/2023, 12:42 PM
Updated 07/10/2023, 01:51 PM
© Reuters. NATO Secretary-General Jens Stoltenberg speaks during a press conference on the eve of a summit of NATO leaders, in Vilnius, Lithuania July 10, 2023. REUTERS/Ints Kalnins

By Sabine Siebold

VILNIUS (Reuters) -NATO allies on Monday reached agreement on defence plans detailing how the alliance would respond to a Russian attack, overcoming a Turkish hurdle one day before leaders meet for a summit in Vilnius, five diplomats told Reuters.

NATO had for decades seen no need for large-scale defence plans, as it fought smaller wars in Afghanistan and Iraq and felt certain post-Soviet Russia no longer posed an existential threat.

But with Europe's bloodiest war since 1945 raging just beyond its borders in Ukraine, it is now warning that it must have all planning in place well before a conflict with a peer adversary such as Moscow might erupt.

Turkey had been blocking approval of what NATO calls its regional plans over the wording on geographical locations such as Cyprus.

"Excellent for the alliance. Turkey had to compromise and lift linkage," one diplomat told Reuters.

NATO leaders gather in Vilnius on July 11-12 for a summit that will discuss Sweden's membership and the alliance's future relationship with Ukraine.

By outlining its regional plans, NATO will also give nations guidance on how to upgrade their forces and logistics.

© Reuters. NATO Secretary-General Jens Stoltenberg speaks during a press conference on the eve of a summit of NATO leaders, in Vilnius, Lithuania July 10, 2023. REUTERS/Ints Kalnins

The need to finance this fundamental shift is one of the reasons why leaders are set to raise the alliance's military spending target at Vilnius, making the current goal of 2% of national GDP a minimum requirement.

NATO officials estimate it will take a few years for the plans to be fully implemented, though they stress that the alliance can head into battle immediately if required.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.