More Military Spending Tops Ukrainian Leader's Wish List
Petro Poroshenko has pressed the Ukrainian parliament to boost military spending to five percent of GDP in the face of continued tensions in the eastBy Sebastian Martinez | December 21, 2014
With the New Year right around the corner, Ukraine's president Petro Poroshenko is gearing up for 2015 by asking for a little extra in the way of defense spending in next year's budget.
In lieu of Santa Claus, he's asking the Ukrainian parliament to boost military spending to five percent of the country's GDP, which would total a cool $8.8 billion, up from $3.4 billion last year. (Video via Verkhovna Rada)
Asking for increased military spending isn't new — the ongoing conflict in the country's east, currently interrupted by a cease-fire, has been raging for months now, and efforts to renew peace talks have flagged. (Video via Radio Free Europe/Radio Liberty)