1026 GMT - It is impossible to keep NATO safe in four to five years' time unless defense spending is increased, NATO Secretary General Mark Rutte tells a World Economic Forum panel at Davos, Switzerland. The war front in Ukraine isn't moving in the right direction as it is heads westward but Russia is paying a high price for this in human and economic terms. The U.S. might keep or increase its aid to Ukraine to force Putin to negotiate while "we in Europe will have to pay more," he says. Europe needs to do more in conjunction with the U.S. to help choke a struggling Russian economy via further sanctions, he says. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 23, 2025 05:26 ET (10:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.