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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 9, 2025

    Featured image for article about Headlines

    MOSCOW (Reuters) -The Kremlin said on Monday that NATO's plan for a huge boost to its air and missile defence capabilities was confrontational and would come at the expense of European taxpayers who were being asked to pay to defuse a threat that did not exist.

    NATO Secretary General Mark Rutte, who is pushing for members to boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending, was due to use a speech in London on Monday to say that the alliance needed a 400% increase in air and missile defence.

    Asked about Rutte's planned remarks on air and missile defence, Kremlin spokesman Dmitry Peskov told reporters:

    "(NATO) is not an instrument for maintaining stability and security on the continent. It is an instrument created for confrontation and has so far kept its true nature disguised. Now it is showing its real nature."

    Peskov said European taxpayers were the ones who would suffer.

    "European taxpayers will spend their money to defuse some threat that they say comes from our country, but it is nothing but an ephemeral threat," said Peskov.

    (Reporting by Dmitry Antonov; Editing by Andrew Osborn/Mark Trevelyan)

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