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Transcripts For BBCNEWS World 20240705



by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement ....

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Transcripts for BBCNEWS World Business Report 20240604 04:32:00

States to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement you referenced. as you also said, many nato members simply aren t meeting this measure. so you have major european economies the likes of germany, france, italy, spain who are not meeting this 2% threshold. so it will certainly be high on the agenda but, even if we do see that agreement, it s not necessarily agreement, it s not necessarily a silver bullet or will ensure the alliance spends that amount. it the alliance spends that amount- the alliance spends that amount. , , amount. it is complicated, though. amount. it is complicated, though, isn t amount. it is complicated, though, isn t it? amount. it is complicated, though, isn t it? because, | amount. it is complicated, i though, isn t it? because, of course, each individual european country has made a commitment in terms of financial aid for ukraine. the european union as a whole has committed significant sums for ukra ....

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