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Exclusive-Europe needs 'decisive change' in defence efforts to face Russia threat, EU agency says - Finance news and analysis from Global Banking & Finance Review
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Exclusive-Europe needs 'decisive change' in defence efforts to face Russia threat, EU agency says

Published by Global Banking & Finance Review

Posted on September 24, 2026

3 min read

· Last updated: September 24, 2026

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EU Warned Defence Efforts Insufficient to Counter Russia by 2030, Agency Reports

EU Defence Readiness and Security Concerns

By Lili Bayer

EU Report Highlights Gaps in Defence Capabilities

BRUSSELS, Sept 24 (Reuters) - The European Union is not rearming quickly or effectively enough to meet its goal of being ready to defend against Russia by 2030, according to the executive summary of an EU report prepared for the bloc's leaders and seen by Reuters.

EU members' current plans "do not seem to meet" the goal of filling gaps in areas such as air and missile defence, ground combat, naval forces, munition stockpiles and drones, the European Defence Agency said in its first annual Defence Readiness Report.

“Tackling the challenges of a contested and deteriorating security environment and the threat posed by Russia’s aggression requires moving further and substantially faster than now to reach defence readiness by 2030,” the EU agency wrote.

Assessment of Achievements and Remaining Challenges

ACHIEVEMENTS UNPRECEDENTED BUT 'NOT YET ENOUGH'

Progress in Defence Spending and Capability Development

Leaders from the EU’s 27 countries ordered the report last year to assess progress in their drive to ramp up Europe's defences, reflecting fears fuelled by Russia’s war in Ukraine and calls by US President Donald Trump for Europe to do more for its own security.

Trump has also threatened to withdraw from the NATO alliance that has been the bedrock of European security for decades, although he recommitted to its mutual defence clause at a summit in Ankara in July.

Russia's Position and EU Leaders' Response

Russia has denied it has any intention of attacking an EU member and accused the continent's leaders of fearmongering. But EU leaders have dismissed Moscow's assertions, pointing out it made similar comments before its 2022 invasion of Ukraine.

Future Steps and Policy Discussions

Setting the 2030 Defence Readiness Goal

Against such an uncertain international backdrop, EU leaders last year set themselves the goal of making Europe ready to defend itself by 2030.

EU defence ministers are expected to discuss the defence agency's report in Brussels on Monday and it will then go to the bloc's leaders.

Summary of the Defence Readiness Report

“The first Annual Defence Readiness Report shows progress in spending, capability development, and industrial readiness, supported by deepened partnerships, notably with Ukraine,” the summary seen by Reuters said.

“However, the current momentum and increased investment do not yet translate into sufficiently deployable, sustainable and interoperable forces, while critical capability gaps remain. What has been achieved so far, although unprecedented, is not yet enough.”

(Reporting by Lili Bayer, editing by Andrew Gray and Andrew Heavens)

Key Takeaways

  • EU defence expenditure rose sharply — from €343 billion in 2024 to €418 billion in 2025, projected €454 billion in 2026 with investment and R&D also surging (eda.europa.eu)
  • Despite growth, key capability gaps remain in air and missile defence, ground combat, naval forces, munitions, and drones — pace insufficient to achieve readiness by 2030 (consilium.europa.eu)
  • EU is introducing structural reforms — such as the Defence Readiness Omnibus, joint procurement targets, flagship projects and industrial boosts — but implementation must significantly accelerate (consilium.europa.eu)

References

Frequently Asked Questions

What does the EU Defence Readiness Report reveal?
The report states that the EU is not rearming quickly or effectively enough to meet its 2030 defense goals against potential Russian threats.
What defense gaps has the European Defence Agency identified?
The agency highlights gaps in air and missile defense, ground combat, naval forces, munition stockpiles, and drones.
Why was the Defence Readiness Report commissioned?
EU leaders ordered the report to assess progress in strengthening Europe’s defenses, amid concerns about Russia and calls for greater self-reliance.
What progress has been made so far according to the report?
There has been progress in spending, capability development, and industrial readiness, but critical capability gaps remain.
When will EU leaders discuss the Defence Readiness Report?
EU defense ministers are expected to discuss the report on Monday before it goes to the bloc’s leaders.

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