Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Mommies, Nannies, Au Pairs, and Me: The End Of Being A SAHD

Mommies, Nannies, Au Pairs, and Me: The End Of Being A SAHD

June 13, 2025
The 5 Worst Investing Moves You Can Make Right Now

The 5 Worst Investing Moves You Can Make Right Now

June 13, 2025
Breaking Down All the Recruiting Drama Rocking the PE Industry

Breaking Down All the Recruiting Drama Rocking the PE Industry

June 13, 2025
The Program That Tells You If Doing Business With DoD Is Worth It

The Program That Tells You If Doing Business With DoD Is Worth It

June 13, 2025
Top AI Researchers Say Language Is Limiting. Here’s Their Fix.

Top AI Researchers Say Language Is Limiting. Here’s Their Fix.

June 13, 2025
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
June 13, 2025 8:59 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home ยป Russia Makes As Much Ammo in 3 Months As NATO in a Year: Mark Rutte
Russia Makes As Much Ammo in 3 Months As NATO in a Year: Mark Rutte
Markets

Russia Makes As Much Ammo in 3 Months As NATO in a Year: Mark Rutte

News RoomBy News RoomJune 10, 20250 ViewsNo Comments

Russia produces as much ammunition in three months as NATO does in a year, NATO Secretary General Mark Rutte has warned.

Speaking at the Chatham House think tank in London on Monday, Rutte called on the alliance to urgently ramp up weapons production.

“In terms of ammunition, Russia produces in three months what the whole of NATO produces in a year,” he said.

“Russia is reconstituting its forces with Chinese technology and producing more weapons faster than we thought,” Rutte added.

He called for a “quantum leap” in how Europe defends itself, and said, “We must have more forces and capabilities to implement our defense plans in full.”

Rutte said Russia was expected to produce 1,500 tanks, 3,000 armored vehicles, and 200 Iskander missiles in 2025.

Russia has massively ramped up its weapons and ammunition production to fuel its war against Ukraine, placing its economy on a war footing.

It’s received support from allies including China, Iran, and North Korea.

Russia spent 13.1 trillion rubles, around $145.9 billion, on its military last year, a report by the International Institute for Strategic Studies said. This is equivalent to 6.7% of the country’s gross domestic product and a 41% annual increase in real terms, per the report.

European defense spending was $457 billion last year, the report said, a real-terms increase of almost 12% on the year before and a 50% increase in real terms from 2014 spending levels. If purchasing power parity is factored in, then Russia’s expenditure is equivalent to around $461.6 billion, the report said.

The US is NATO’s largest military power, and President Donald Trump has pressured European members to boost their military budgets. Rutte has backed US calls to raise the amount NATO members are required to spend on their military from 2% to 5%.

The war in Ukraine has become a gruelling war of attrition, with both sides firing thousands of rounds of ammunition daily.

But Ukraine’s NATO allies have struggled to increase production to provide arms to Ukraine while rebuilding their stockpiles, amid warnings that Russia could be preparing to attack NATO in a matter of years.

“We are all on the eastern flank now. The new generation of Russian missiles travels at the speed of sound. The distance between European capitals is only a matter of minutes. There is no longer east or west. There is just NATO,” Rutte added.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

The Program That Tells You If Doing Business With DoD Is Worth It

The Program That Tells You If Doing Business With DoD Is Worth It

Men Share the Sunglasses They’re Wearing This Summer

Men Share the Sunglasses They’re Wearing This Summer

Followed My Mom’s Example and Waited Until 37 to Have Kids; No Regrets

Followed My Mom’s Example and Waited Until 37 to Have Kids; No Regrets

Why You Should Wait to Have a Baby If You Can

Why You Should Wait to Have a Baby If You Can

Instagram Throwing Shy and Indecisive Users Lifeline With New Update

Instagram Throwing Shy and Indecisive Users Lifeline With New Update

Ricki Lake Is the Latest Star to Go Public About Her Plastic Surgery

Ricki Lake Is the Latest Star to Go Public About Her Plastic Surgery

Reid Hoffman: Gen Z Enormously Attractive to Employers for One Reason

Reid Hoffman: Gen Z Enormously Attractive to Employers for One Reason

AI Meets Barbie: Mattel Partners With OpenAI

AI Meets Barbie: Mattel Partners With OpenAI

Oil Prices Surge After Israel Said It Struck Iran

Oil Prices Surge After Israel Said It Struck Iran

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

The 5 Worst Investing Moves You Can Make Right Now

The 5 Worst Investing Moves You Can Make Right Now

June 13, 2025
Breaking Down All the Recruiting Drama Rocking the PE Industry

Breaking Down All the Recruiting Drama Rocking the PE Industry

June 13, 2025
The Program That Tells You If Doing Business With DoD Is Worth It

The Program That Tells You If Doing Business With DoD Is Worth It

June 13, 2025
Top AI Researchers Say Language Is Limiting. Here’s Their Fix.

Top AI Researchers Say Language Is Limiting. Here’s Their Fix.

June 13, 2025
Men Share the Sunglasses They’re Wearing This Summer

Men Share the Sunglasses They’re Wearing This Summer

June 13, 2025

Latest News

Trump’s ,000 Baby Bonus Idea Follows Buffett’s Wealth-Building Playbook

Trump’s $1,000 Baby Bonus Idea Follows Buffett’s Wealth-Building Playbook

June 13, 2025
Followed My Mom’s Example and Waited Until 37 to Have Kids; No Regrets

Followed My Mom’s Example and Waited Until 37 to Have Kids; No Regrets

June 13, 2025
New York City Lost Population Due to High Cost of Living

New York City Lost Population Due to High Cost of Living

June 13, 2025

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.