Borrell: EU countries to spend additional €70B on defense in 2 years

In the next two years, the EU countries will allocate an additional 70 billion euros for defense spending, Head of European diplomacy Josep Borrell said, Report informs referring to TASS.

During his speech at the Munich Conference, Borrell also added that France and Poland will significantly increase their defense spending.

"In the next two years, the EU countries intend to spend an additional 70 billion euros on defense, France alone will increase defense spending by 40%, Poland will double it," he said.