🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Poland to start beefing up northeastern defences by year-end, minister says

Published 10/04/2024, 09:02 AM
Updated 10/04/2024, 09:06 AM
© Reuters. FILE PHOTO: Soldiers build razor wire fence on Poland's border with Russia's exclave of Kaliningrad near Bolcie, Poland November 3, 2022. Arkadiusz Stankiewicz/Agencja Wyborcza.pl via REUTERS ATTENTION/File Photo

WARSAW (Reuters) - Poland will start building the first elements of enhanced defence lines on its borders with Russia and Belarus by the end of 2024, a deputy defence minister said on Friday.

Spurred by Russia's invasion of Ukraine in 2022, Warsaw laid out plans in May to spend 10 billion zlotys ($2.6 billion) to beef up its northern and eastern borders with fortifications, surveillance, reconnaissance and anti-drone systems by the end of 2028 to deter adversaries or help repel a potential attack.

"In the next three weeks, we will be able to carry out the first tests of the East Shield elements on Polish military training grounds, and this year we will start building the first elements ... on the northern and eastern borders," Cezary Tomczyk told a press conference.

He said the project would be developed in cooperation with Lithuania, Latvia and Estonia as well as with British and American forces.

The war in Ukraine has spurred Poland to boost defence spending to 4.2% of gross domestic product (GDP) in 2024 and a planned 4.7% in 2025.

Defence Minister Wladyslaw Kosiniak-Kamysz was asked at the same event about defence spending beyond 2025, and said the upward trend should be maintained.

He said the recent escalation in fighting in the Middle East was negative for Poland:

© Reuters. FILE PHOTO: Soldiers build razor wire fence on Poland's border with Russia's exclave of Kaliningrad near Bolcie, Poland November 3, 2022. Arkadiusz Stankiewicz/Agencja Wyborcza.pl via REUTERS ATTENTION/File Photo

"This creates a danger that the eyes of the world, including the United States, will be more focused on that region and not on the region of Ukraine, which is not good for us."

($1 = 3.9106 zlotys)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.