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Nato's new higher spending pledge hinges on outcome of Ukraine-Russia war
Though Wednesday's agreement marks a substantial increase over the current goal of 2 per cent the method of measuring this expenditure offers a slightly altered reality
Business Standard Editorial Comment Mumbai
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American President Donald Trump's claims of securing a 'monumental win' at the annual North Atlantic Treaty Organization (Nato) summit, which concluded at The Hague on June 25, marks a significant shift from his combative stance during his first term. The broad agreement by members to spend 5 per cent of gross domestic product (GDP) annually on defence by 2035 addresses the American President's contention — insistently raised in his first term (2017-21) — that the United States (US) was doing the heavy lifting in the alliance. This pledge and the overt flattery adroitly heaped on Mr Trump by Nato General
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