Finland and Spain are set to increase their defense spending, with Lithuania prepares to join the coalition of the willing in support of Ukraine.


Finnish President Alexander Stubb announced that Finland will boost its defense spending to 3% of GDP by 2029 to prepare against potential Russian aggression. “This is part of Finland’s contribution to Europe taking greater responsibility for its own defense,” he added. Furthermore, Finland will consider withdrawing from the Ottawa Convention on the Prohibition of Anti-Personnel Mines, as the country shares a border over 1,300 kilometers in length with Russia.
Meanwhile, Spanish Defense Minister Margarita Robles reported that her country will raise its defense spending to 2% of GDP “well before” 2029. Among the 32 NATO members, Spain currently has the lowest defense spending as a percentage of GDP at 1.3%. To reach the 2% target, Spain will need to allocate an additional €10B annually.
Additionally, Lithuanian Foreign Minister Kęstutis Budris indicated that Lithuania is willing to join the coalition of the willing and will collaborate with other European nations to support Ukraine.