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International Business Times
International Business Times
Business

NATO To Take 'Quantum Leap' With 5% Summit Pledge: Rutte

NATO chief Mark Rutte said that the increase in spending would see the alliance boost its air defences five-fold (Credit: AFP)

NATO allies are poised to take a "quantum leap" by hiking defence spending to counter the threat of Russia, Secretary General Mark Rutte said on Monday, on the eve of a two-day summit.

The 32 members of the alliance will pledge to boost defence expenditure to five percent of gross domestic product, a key demand of President Donald Trump, who has long grumbled that the US pays too much for NATO.

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