Sweden says it will boost its defense spending to counter the threat posed by Russia, reports Agence France-Presse.
On Thursday, Defense Minister Peter Hultqvist told reporters that the government would allocate an addition US$3 billion for defense from 2021 to 2025.
That represents an increase of about 40 percent from current levels.
Any increase in spending would need parliamentary approval.
If enacted, the increased spending would be shared across the military service...