The Prague Post - EU Pledges €800 Billion for Defence to Deter Russia

EUR -
AED 4.313584
AFN 80.310759
ALL 97.5236
AMD 449.272517
ANG 2.102214
AOA 1077.074381
ARS 1681.989453
AUD 1.783655
AWG 2.117151
AZN 2.008679
BAM 1.958349
BBD 2.364768
BDT 142.895362
BGN 1.955066
BHD 0.442777
BIF 3503.039704
BMD 1.174564
BND 1.507711
BOB 8.142319
BRL 6.384577
BSD 1.174123
BTN 103.294915
BWP 15.720924
BYN 3.969731
BYR 23021.447061
BZD 2.361293
CAD 1.623875
CDF 3376.870599
CHF 0.932234
CLF 0.029013
CLP 1137.999862
CNY 8.377986
CNH 8.367001
COP 4637.012755
CRC 593.742391
CUC 1.174564
CUP 31.125936
CVE 110.40869
CZK 24.358629
DJF 209.074979
DKK 7.467088
DOP 74.216272
DZD 152.221142
EGP 56.641802
ERN 17.618454
ETB 167.479661
FJD 2.646059
FKP 0.870525
GBP 0.867562
GEL 3.176249
GGP 0.870525
GHS 14.147931
GIP 0.870525
GMD 83.980159
GNF 10181.250299
GTQ 9.002717
GYD 245.641322
HKD 9.152934
HNL 30.753893
HRK 7.534938
HTG 153.627976
HUF 393.208517
IDR 19383.706056
ILS 3.903311
IMP 0.870525
INR 103.33335
IQD 1538.195323
IRR 49419.764407
ISK 143.414439
JEP 0.870525
JMD 188.45446
JOD 0.832761
JPY 173.480111
KES 151.694993
KGS 102.715542
KHR 4702.960467
KMF 493.910362
KPW 1057.094204
KRW 1629.113875
KWD 0.3587
KYD 0.97844
KZT 627.795659
LAK 25477.289562
LBP 105139.552404
LKR 354.526868
LRD 235.408353
LSL 20.621037
LTL 3.468181
LVL 0.710482
LYD 6.352267
MAD 10.607705
MDL 19.606849
MGA 5226.624151
MKD 61.619932
MMK 2466.351131
MNT 4222.495883
MOP 9.425224
MRU 46.425222
MUR 54.053029
MVR 18.100226
MWK 2035.880246
MXN 21.922332
MYR 4.953722
MZN 75.051794
NAD 20.620949
NGN 1773.872799
NIO 43.20623
NOK 11.740997
NPR 165.271463
NZD 1.978929
OMR 0.451599
PAB 1.174088
PEN 4.132979
PGK 4.977478
PHP 66.553713
PKR 333.154627
PLN 4.247352
PYG 8463.014116
QAR 4.279469
RON 5.073295
RSD 117.160319
RUB 96.724869
RWF 1701.256148
SAR 4.406651
SBD 9.659404
SCR 17.637481
SDG 705.326252
SEK 11.000987
SGD 1.507828
SHP 0.923023
SLE 27.308654
SLL 24630.009562
SOS 670.950353
SRD 45.943643
STD 24311.095615
STN 24.531613
SVC 10.27337
SYP 15271.623848
SZL 20.61713
THB 37.219608
TJS 11.088876
TMT 4.122718
TND 3.420737
TOP 2.750948
TRY 48.467073
TTD 7.966996
TWD 35.676221
TZS 2936.409004
UAH 48.439441
UGX 4120.344847
USD 1.174564
UYU 47.151365
UZS 14701.069998
VES 179.274316
VND 31026.09817
VUV 141.503486
WST 3.259963
XAF 656.789406
XAG 0.028213
XAU 0.000322
XCD 3.174317
XCG 2.115982
XDR 0.817947
XOF 656.811802
XPF 119.331742
YER 282.012504
ZAR 20.579409
ZMK 10572.469073
ZMW 28.148675
ZWL 378.209008
  • RBGPF

    4.5200

    76

    +5.95%

  • RYCEF

    0.1600

    14.78

    +1.08%

  • RIO

    -0.3950

    63.575

    -0.62%

  • BCC

    -1.3750

    88.645

    -1.55%

  • RELX

    0.2000

    47.25

    +0.42%

  • BCE

    -0.3850

    24.335

    -1.58%

  • NGG

    -0.0800

    70.02

    -0.11%

  • VOD

    -0.0150

    11.795

    -0.13%

  • SCS

    -0.0050

    17.135

    -0.03%

  • JRI

    0.1040

    13.724

    +0.76%

  • BTI

    0.0850

    56.105

    +0.15%

  • CMSD

    0.0300

    24.49

    +0.12%

  • CMSC

    0.0200

    24.25

    +0.08%

  • GSK

    -0.6500

    39.85

    -1.63%

  • AZN

    -0.7750

    80.925

    -0.96%

  • BP

    0.0100

    33.94

    +0.03%


EU Pledges €800 Billion for Defence to Deter Russia




The European Union has unveiled an ambitious plan to allocate €800 billion towards bolstering its defence capabilities, a move widely interpreted as a strategic response to escalating tensions with Russia. Announced by European Commission President Ursula von der Leyen, this initiative aims to transform the EU into a formidable "defence union," shifting its economic priorities towards what some analysts have dubbed a "war economy." The decision, detailed in a recent strategic white paper, comes amid growing concerns over Russia’s military assertiveness, particularly following its ongoing aggression in Ukraine and perceived threats to NATO’s eastern flank.

The €800 billion package, to be rolled out over the coming years, includes €150 billion in EU loans and significant exemptions from the bloc’s stringent debt rules, allowing member states to finance military enhancements without breaching fiscal limits. According to sources cited by the Deutsche Presse-Agentur (DPA), the funds will target seven key areas, including air defence, cyber capabilities, and military intelligence, aiming to close critical gaps in Europe’s defence infrastructure. "If Europe wants to avoid war, it must be prepared for war," the white paper states, echoing a sentiment of deterrence through strength.

Russia’s reaction has been swift and critical. Kremlin spokesperson Dmitry Peskov accused Europe of "aggressive militarism," a charge that carries irony given Russia’s own allocation of nearly 40% of its state budget to military spending in 2025. Russian President Vladimir Putin has overseen a dramatic shift to a war economy since the invasion of Ukraine in 2022, with the country reportedly producing three million artillery shells annually—outpacing the combined output of NATO’s 32 members. This disparity in production capacity has fuelled European fears that Russia could sustain prolonged conflicts, potentially eyeing targets beyond Ukraine, such as the Baltic states or Poland.

The EU’s move also reflects unease over its reliance on the United States, particularly following uncertainties surrounding American support under a potential Donald Trump presidency. While earlier drafts of the white paper explicitly warned of over-dependence on the US, these references were softened in the final version after interventions from von der Leyen’s cabinet, as reported by DPA. Nonetheless, the €800 billion commitment underscores a push for strategic autonomy, with investments channelled into European-made defence systems to reduce external vulnerabilities.

Critics within the EU, however, question the feasibility and implications of such a shift. Transforming a civilian economy into one geared for war requires significant market interventions, a prospect that has raised doubts about political willingness and economic sustainability. The precedent of the United States during World War II—where private industries were placed under strict government oversight—looms large, yet Europe’s fragmented political landscape may complicate such coordination. Furthermore, the redirection of resources comes at a time when the EU is already grappling with energy transitions and post-pandemic recovery, with the €672 billion European Recovery Fund serving as a recent benchmark for large-scale spending.

Public sentiment, particularly in Germany, reflects growing anxiety. A Shell Youth Study cited by rbb-online.de found that the threat of war is now the top concern among young Germans, with fears of conscription and displacement driving calls for preparedness. NATO’s ongoing "Steadfast Defender" exercises, involving 90,000 troops, and the upcoming "Nordic Response" manoeuvre underscore this urgency, simulating defensive operations against a Russian incursion.

While the €800 billion figure is a political statement of intent, its implementation remains uncertain. Analysts note that it may take months, if not years, for funds to translate into tangible military assets. For now, the EU hopes this bold financial pledge will serve as a deterrent, projecting strength to Moscow while navigating internal divisions and external dependencies. Whether it instils fear in Russia or merely galvanises Europe’s resolve, the stakes for the continent’s security have rarely been higher.



Featured


Marhabaan, welcome to the UAE and Dubai!

Marhabaan, welcome to the UAE and Dubai! The "skyward striving" Dubai next to ancient desert cities. Mysterious Bedouins and magnificent mosques exist peacefully alongside futuristic cities. Discover wadis and oases, golden sandy deserts, paradisiacal beaches and Arabian hospitality. The modern and the ancient Orient united in a book for dreaming.On this journey to Dubai and Abu Dhabi in the United Arab Emirates, the fairy tales of 1001 Arabian Nights meet the modern Arab world. These cascading cities enchant with their sky-high skyscrapers, fragrant souks, huge shopping centres and the ancient cultural heritage of the sheikhs.You can choose to stay in 4- or 5-star hotels with breakfast and swimming pools. You also have more options to book excursions so you can feel the magic of the East even more. If you want to do something out of the ordinary, you can spend an extra night in an enchanting hotel in the middle of the emirate's desert. Experience your own fairytale from 1001 nights and look forward to a holiday with plenty of casual extravagance in two superlative desert cities!

Trade and business at the Dubai Gold Souk

If Naif Deira is associated with a specific context, organization, or field, providing more details could help me offer more relevant information. Keep in mind that privacy considerations and ethical guidelines limit the amount of information available about private individuals, especially those who are not public figures. The Dubai Gold Souk is one of the most famous gold markets in the world and is located in the heart of Dubai's commercial business district in Deira. It's a traditional market where you can find a wide variety of gold, silver, and precious stone jewelry. The Gold Souk is known for its extensive selection of jewelry, including rings, bracelets, necklaces, and earrings, often crafted with intricate designs.Variety: The Gold Souk offers a vast array of jewelry designs, with a focus on gold. You can find items ranging from traditional to modern styles.Competitive Pricing: The market is known for its competitive pricing, and bargaining is a common practice. Prices are typically based on the weight of the gold and the craftsmanship involved.Gold and More: While gold is the primary focus, the souk also offers other precious metals such as silver and platinum, as well as a selection of gemstones.Cultural Experience: Visiting the Gold Souk provides not only a shopping experience but also a glimpse into the traditional trading culture of Dubai. The vibrant market is a popular destination for both tourists and locals.Security: The market is generally safe, and there are numerous shops with security measures in place. However, as with any crowded area, it's advisable to take standard precautions regarding personal belongings.Gold Souk is just one part of the larger Deira Souk complex, which also includes the Spice Souk and the Textile Souk. It's a must-visit for those interested in jewelry, and it reflects the rich cultural and trading history of Dubai.

Dubai: Amazing City Center, Night Walking Tour

During this excursion, we leisurely explore Dubai Downtown and Burj Khalifa in the evening, giving you the chance to witness the captivating transformation of the district as it comes alive with the vibrant glow of thousands of lights. As the sun sets, the illuminated facade of Burj Khalifa and the enchanting Dubai Fountain collaborate to produce a genuinely magical atmosphere.Dubai Downtown, also known as Downtown Dubai, is a distinguished and iconic district situated in the heart of Dubai, United Arab Emirates. It is a renowned neighborhood celebrated for its striking architecture, luxurious living, and exceptional entertainment options. At the core of Downtown Dubai stands the Burj Khalifa, a towering skyscraper that holds the title of the world's tallest man-made structure and serves as an emblem of modern Dubai.Burj Khalifa: The focal point of Downtown Dubai, Burj Khalifa, is famous for its groundbreaking height, reaching an impressive 828 meters (2,722 feet). Designed by architect Adrian Smith, its distinctive Y-shaped design encompasses a mix of residential, commercial, and hotel spaces.Dubai Mall: Adjacent to Burj Khalifa is the Dubai Mall, one of the largest shopping malls globally, featuring an extensive array of retail outlets, from high-end boutiques to international brands. The mall also provides various dining options, and entertainment attractions like an indoor ice rink and an aquarium, and hosts the mesmerizing Dubai Fountain.Dubai Fountain: Located just outside the Dubai Mall, the Dubai Fountain is a captivating attraction that presents a nightly spectacle of water, music, and light, captivating visitors with its perfectly synchronized performances.Emaar Boulevard: Stretching through Downtown Dubai, this boulevard is adorned with restaurants, cafes, and shops, making it a popular spot for leisurely strolls, dining, and people-watching.Luxury Living: Downtown Dubai boasts numerous upscale residential buildings and hotels, making it an appealing locale for those seeking a sophisticated urban lifestyle.Cultural Attractions: The Dubai Opera, an iconic cultural venue within the district, hosts a diverse range of performances, including opera, ballet, concerts, and theater productions.Transportation: Downtown Dubai is well-connected through public transportation, including the Dubai Metro, facilitating easy access to other parts of the city.In summary, Downtown Dubai is a dynamic and vibrant district that stands as a testament to Dubai's modernity and grandeur. It seamlessly combines architectural wonders with shopping, entertainment, and cultural offerings, creating a truly extraordinary destination.