Lithuania is ramping up defenses, warning that Russia could rebuild its military after a Ukraine peace deal—NATO must be ...

(Bloomberg) -- Lithuania’s president suggested the Baltic nation could tap its foreign currency reserves to fund a boost in defense spending to more than 5% of economic output. President Gitanas ...

The formation will consist of the Lithuanian army's Iron Wolf, Žemaitija, and reserve Aukštaitija brigades, supported by air defence, engineering, reconnaissance, and artillery units.

Lithuania’s reserves — worth about €7.2 billion as of December — can serve their purpose as a liquidity buffer in cases of emergency if they’re used for the nation’s defense, he said.

(Bloomberg) -- Lithuania’s president suggested the Baltic nation could tap its foreign currency reserves to fund a boost in defense spending to more than 5% of economic output. President Gitanas ...