EU defense spending hits historic high in 2022

BRUSSELS, Nov. 30 (Xinhua) -- European Union (EU) member states have collectively allocated a record-breaking 240 billion euros (262.4 billion U.S. dollars) for defense expenditure in 2022, as disclosed in the latest European Defense Agency (EDA) report released on Thursday.

The figure was up by 6 percent from a year ago, marking a remarkable eight-year consecutive growth trend, according to the EDA Defense Data