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The figure was disclosed in the latest European Defense Agency (EDA) report released on Thursday.

Bruxelles capitaleJosep borrellEu commissionDeutsche bankEuropean commissionEuropean unionEuropean defense agencyChief josep borrellChristian sewingPresident ursulaMid economic slowdownU military spending hits record high of 240bn eurosRussia ukraine conflictEu defense240 billionUkraine defense