NATO's New 5% Spending Target - U.S Pressure, Rearmament, Loopholes & Russia's Dilemma

Sponsored by Odoo - https://www.odoo.com/r/ykC Before Russia's 2022 invasion, many NATO states spent less than 2% of GDP on defence. In the last few weeks, those same states agreed to more than double that target to 5%...kind of. In this episode, I look a little deeper into what the allies actually agreed at the June NATO summit and what it might mean for the future of the Alliance, Russia, and U.S. - EU relations. Patreon:   / perunau   Reading and Sourcing: The Hague Summit Declaration: https://www.nato.int/cps/en/natohq/of... NATO's role in capability development https://www.nato.int/cps/en/natohq/to... NATO agrees new capability targets https://www.nato.int/cps/en/natohq/ne... Defence Expenditures and NATO's 5% commitment https://www.nato.int/cps/en/natohq/to... Unless otherwise noted, Military Purchasing Power Parity Multipliers per https://militaryppp.com/blog/ & Robertson, Peter .E., (2022). The real military balance: International comparisons of defense spending. Review of Income and Wealth, 68(3), pp.797-818 European Defence White Paper 2030 https://www.eeas.europa.eu/eeas/white... Reporting on Spain and the 5% target https://apnews.com/article/donald-tru... NATO Pipeline System https://www.nato.int/cps/en/natohq/to... Eurobarometer data https://europa.eu/eurobarometer/surve... Kiel Institute Ukraine Support tracker https://www.ifw-kiel.de/topics/war-ag... Headline on Russian defence spending overtaking Europe https://www.politico.eu/article/russi... Germany embracing the 'Danish model' of Ukraine support https://www.pravda.com.ua/eng/news/20... German planned long term ammunition order https://militarnyi.com/en/news/german... Trump reportedly questioning whether the US should be bound by NATO spending targets https://www.barrons.com/news/trump-sa... Graph of Russian military spending ramp up per Pavel Luzin https://cepa.org/article/russias-year... Featured or relevant coverage: https://www.theguardian.com/us-news/2... https://www.bbc.com/news/world-us-can... https://www.bbc.com/news/articles/cj4... https://apnews.com/article/ukraine-us... https://www.politico.eu/article/repor... https://www.airandspaceforces.com/nat... https://www.forbes.com/sites/siladity... https://www.theguardian.com/us-news/b... https://www.politico.eu/article/italy... https://www.aljazeera.com/economy/202... https://www.theguardian.com/world/202... https://www.reuters.com/business/medi... https://thediplomat.com/2025/01/the-u... https://thediplomat.com/2025/01/the-u... Caveats & Comments: All normal caveats and comments apply. In particular – I would like to note as always that this material has been created for entertainment purposes and is not intended to be a complete or comprehensive examination of the topic in question and should not be relied upon to inform financial or other similar decisions. Any content relating to the conduct, views, activities or any aspect of any person or character in this video is included for entertainment purposes and does not represent an assertion of fact on those matters or any matters in relation to that person or character. Care has been taken in compiling data, quotes, and other inputs from various sources but errors can occur. Quotes and included data should be considered illustrative, not definitive and their veracity should not be relied on. Timestamps: 00:00 — Opening Words 00:57 — What Am I Talking About? 03:10 — Tensions & the 5% Figure 07:51 — the Summit and Formula 11:16 — That Does This Mean? 17:55 — Ukraine and This Agreement 22:51 — Mobility and Soft Spending 33:50 — Unambiguous Winners and Losers 38:12 — European Outlook 45:40 — the US Play 52:23 — So What? 53:22 — Channel Update