At commemoration of Dayton Peace Accords, NATO leader urges military spending to counter Russia
NATO formed in 1949 to provide collective security against the Soviet Union. It now includes 32 countries. Ukraine is not a member, but participants in NATO gatherings over the past week have said a victory against Russia in the 3-year-old war is crucial to European and global stability.
The anniversary was framed as a celebration of diplomacy and peace. The original accords were negotiated at Wright-Patterson Air Force Base, in Ohio, and signed in Paris later that year.
'The Western Balkans has shown that peace is possible. But today Europe is not at peace. Russia has brought war back to Europe,' said NATO Secretary-General Mark Rutte at Monday's meeting of the NATO Parliamentary Assembly, the culmination of the five-day gathering.
Rutte called on NATO member leaders to make the case at home for increasing military spending, suggesting that an increase to 5% of gross domestic product over the next few years could be reached in an agreement next month, in line with demands from the NATO member U.S.
Belgium, Canada, Croatia, Italy, Luxembourg, Montenegro, Portugal, Slovenia and Spain do not currently spend at least 2% of GDP on national defense budgets, a goal agreed to in 2023 as Russia's war on Ukraine entered its second year. So far, 22 of the 32 member countries have done so.
Next month, the members will debate increasing that percentage to 3.5%, plus another 1.5% in spending on defense-related projects like roads and cybersecurity infrastructure.
Cultural events accompanied the official meetings in Ohio, including art and history exhibits, public lectures, and a Concert for Peace featuring musicians from Dayton and Bosnia's capital of Sarajevo. A downtown 'NATO Village' displayed flags from member nations, and additional exhibits highlighted the city's international ties.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
12 minutes ago
- Yahoo
SQM: Q2 Earnings Snapshot
SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported second-quarter earnings of $88.4 million. The Santiago Chile, Chile-based company said it had net income of 31 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. The chemicals company posted revenue of $1.04 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $977.6 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SQM at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo
12 minutes ago
- Yahoo
Ellington Credit: Q2 Earnings Snapshot
OLD GREENWICH, Conn. (AP) — OLD GREENWICH, Conn. (AP) — Ellington Credit Company (EARN) on Tuesday reported profit of $10.2 million in its second quarter. On a per-share basis, the Old Greenwich, Connecticut-based company said it had profit of 27 cents. Earnings, adjusted for non-recurring gains, were 18 cents per share. The residential mortgage real estate investment trust posted revenue of $9.9 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on EARN at


Newsweek
17 minutes ago
- Newsweek
The Bulletin August 18, 2025
The rundown: President Donald Trump has said that Ukraine will not be able to reclaim Crimea nor become a member of NATO if Kyiv wishes to sign a peace deal with Russia. Find out more. Why it matters: Trump wrote on Truth Social that Ukraine's President Volodymyr Zelensky "can end the war with Russia almost immediately, if he wants to, or he can continue to fight." Trump appeared to blame former President Barack Obama for Ukraine's loss of Crimea, and said there would be "no going into NATO by Ukraine" in any agreement brokered by the U.S. to end the war. "No getting back Obama given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!" Trump said. Read more in-depth coverage: Trump's Approval Rating Surges After Putin Summit TL/DR: Russia annexed Crimea, the peninsula to the south of mainland Ukraine, in 2014, when it propped up separatists in Ukraine's Donbas and Luhansk regions. What happens now? Zelensky is due to meet Trump in the White House later on Monday, along with several European leaders and the NATO Secretary-General Mark Rutte. It follows Trump's summit with Russian President Vladimir Putin in Alaska on Friday. Deeper reading Donald Trump Sets Out His Peace Terms for Zelensky