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

EUR -
AED 4.18829
AFN 79.786672
ALL 98.228214
AMD 437.536589
ANG 2.041031
AOA 1045.788824
ARS 1346.278084
AUD 1.755342
AWG 2.046293
AZN 1.943285
BAM 1.955964
BBD 2.306593
BDT 139.611675
BGN 1.955964
BHD 0.430736
BIF 3400.884402
BMD 1.140445
BND 1.469323
BOB 7.89366
BRL 6.340197
BSD 1.142396
BTN 97.81318
BWP 15.283278
BYN 3.738513
BYR 22352.729264
BZD 2.294692
CAD 1.561897
CDF 3284.48308
CHF 0.937613
CLF 0.027773
CLP 1062.428846
CNY 8.199175
CNH 8.198291
COP 4698.19289
CRC 582.348699
CUC 1.140445
CUP 30.221802
CVE 110.274222
CZK 24.805136
DJF 203.427012
DKK 7.463474
DOP 67.435639
DZD 150.181759
EGP 56.373714
ERN 17.106681
ETB 155.989545
FJD 2.566919
FKP 0.842834
GBP 0.843026
GEL 3.113861
GGP 0.842834
GHS 11.708979
GIP 0.842834
GMD 80.972027
GNF 9901.828048
GTQ 8.778734
GYD 239.360017
HKD 8.948965
HNL 29.790491
HRK 7.539717
HTG 149.802527
HUF 403.934788
IDR 18607.905823
ILS 3.993555
IMP 0.842834
INR 97.833681
IQD 1496.525148
IRR 48027.010022
ISK 144.118521
JEP 0.842834
JMD 182.445257
JOD 0.808621
JPY 165.181542
KES 147.652348
KGS 99.732386
KHR 4583.383289
KMF 492.106504
KPW 1026.485806
KRW 1551.211421
KWD 0.349
KYD 0.95198
KZT 582.628723
LAK 24663.062467
LBP 102356.359628
LKR 341.748579
LRD 227.899058
LSL 20.283196
LTL 3.367439
LVL 0.689844
LYD 6.22052
MAD 10.454674
MDL 19.688646
MGA 5153.43096
MKD 61.540146
MMK 2394.38643
MNT 4079.124485
MOP 9.232272
MRU 45.363794
MUR 52.016145
MVR 17.568605
MWK 1980.865651
MXN 21.794767
MYR 4.821237
MZN 72.943316
NAD 20.283196
NGN 1778.045998
NIO 42.043516
NOK 11.533724
NPR 156.501088
NZD 1.895908
OMR 0.438506
PAB 1.142396
PEN 4.141646
PGK 4.695393
PHP 63.764016
PKR 322.205645
PLN 4.287859
PYG 9119.762647
QAR 4.166148
RON 5.047958
RSD 117.179799
RUB 89.590292
RWF 1616.935217
SAR 4.284458
SBD 9.519743
SCR 16.762202
SDG 684.841637
SEK 10.997372
SGD 1.46867
SHP 0.896211
SLE 25.717466
SLL 23914.569443
SOS 652.854595
SRD 42.130376
STD 23604.916622
SVC 9.995836
SYP 14827.902431
SZL 20.276696
THB 37.37814
TJS 11.293744
TMT 3.991559
TND 3.388083
TOP 2.671042
TRY 44.749355
TTD 7.730646
TWD 34.136614
TZS 3035.853876
UAH 47.308456
UGX 4135.345821
USD 1.140445
UYU 47.47397
UZS 14596.22062
VES 112.208523
VND 29713.163686
VUV 137.255383
WST 3.133948
XAF 656.011859
XAG 0.031697
XAU 0.000344
XCD 3.082111
XDR 0.815868
XOF 656.011859
XPF 119.331742
YER 277.527795
ZAR 20.279442
ZMK 10265.38096
ZMW 28.302367
ZWL 367.222944
  • CMSC

    -0.0700

    22.17

    -0.32%

  • SCS

    -0.0250

    10.35

    -0.24%

  • NGG

    -0.3000

    70.7

    -0.42%

  • GSK

    0.0550

    41.2

    +0.13%

  • RELX

    -0.0900

    53.68

    -0.17%

  • AZN

    0.5300

    72.88

    +0.73%

  • BTI

    0.3200

    47.79

    +0.67%

  • RBGPF

    1.0800

    69.04

    +1.56%

  • BP

    0.2250

    29.29

    +0.77%

  • CMSD

    -0.0510

    22.184

    -0.23%

  • JRI

    0.1100

    13.08

    +0.84%

  • BCE

    -0.0850

    21.78

    -0.39%

  • BCC

    -0.7100

    86.8

    -0.82%

  • VOD

    -0.0170

    9.94

    -0.17%

  • RYCEF

    0.1300

    12

    +1.08%

  • RIO

    -0.2000

    59.03

    -0.34%


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.