Lithuania to increase military spending to counter Russian threat

April 3, 2015 2:41 PM

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VILNIUS (Reuters) - Lithuania, spooked by Russian military assertiveness, outlined plans on Friday to raise defense spending by a third in 2016, contributing the highest share of its economy to defense since it joined NATO in 2004.

The Baltic country has never met the informal NATO rule of spending 2 percent of its economy on defense and curbed its defense budget during the 2009-2010 financial crisis. By 2013, Lithuania was spending just 0.8 percent of GDP on defense, the second smallest share of NATO countries after Luxemburg...

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