Germany Prepares €25 Billion Tank Order to Boost NATO Forces
Takeaways by Bloomberg AI
Germany is considering purchasing up to 2,500 armored fighting vehicles and as many as 1,000 battle tanks as part of a joint European effort to create new NATO brigades to deter Russia, according to people familiar with the matter.
The North Atlantic Treaty Organization has asked Germany to contribute as many as seven combat brigades to the alliance within the next decade. The fighting vehicles and tanks, if approved, would equip these forces, people familiar with the matter said on condition of anonymity. The ramp-up reflects growing concern among allies about heightened Russian hostility since Moscow’s full-scale invasion of Ukraine.
More From Bloomberg
Germany’s Autobahn Cracks After Heat Wave Hits Europe
Germany in Talks With US to Get Patriot Air Defense for Kyiv
Deutsche Bank Reorganizes Its Origination and Advisory Business
Germany Gives Go-Ahead for Gas Drilling in Protected Marine Zone
Commerzbank Plans to Sell SRT Tied to €2 Billion of Loans