The Russia-Ukraine War has sparked a change in armament policy of Germany. Chancellor Scholz has said his government will spend 100 billion EUR to modernize country’s army.
The annual defense spending will not be less than 2% of its GDP, which is a requirement that NATO asks from its members, Scholz said.
Germany will also produce new fighters together with its allies like France. Eurofighter will also be modernized in the meantime.
Scholz also said they will make more investment in renewable energy and build two new storages for LNG.