Europe Must Rapidly Step Up Defense Spending, Lithuania Says

WATCH: “Hundreds of billions will need to be spent immediately,” Lithuanian Defense Minister Dovile Sakaliene says.Source: Bloomberg

Europe needs to rapidly ramp up defense spending to address Russia’s invasion in Ukraine, said Lithuanian Defense Minister Dovile Sakaliene.

“We need to spend on defense fast, and a lot, hundreds of billions need to be spent immediately,” Sakaliene said in an interview with Bloomberg TV.