Daily Memo: German Defense Spending, Russian Tax Reform

Berlin will spend billions over the next year on upgrading and modernizing its military.

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Focus on Europe. Germany’s new defense procurement plan for 2025-26 will focus heavily on European suppliers, according to a POLITICO report. Of the 83 billion euros ($97 billion) in contracts the government will award over the next year, only 8 percent will be used to purchase U.S. weapons, including torpedoes and Patriot air defense missiles […]

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