#AceFinanceNews – STOCKHOLM – April 28 – Following the crisis in Ukraine, Sweden’s government has proposed increasing the Nordic country’s military spending by 5.5 billion Swedish kronor ($830 million) a year.
The four-party centre-right coalition said Tuesday it is deeply concerned by the recent events in Ukraine and wants to raise the military outlays gradually in coming years to reach the proposed figure by 2024.
Among other things, it wants to buy 10 more fighter jets and two more submarines to improve the defence of the Baltic Sea and the island Gotland.
After the Soviet Union collapsed in 1991, Sweden’s defence budget was slashed and its military emphasis shifted toward international peacekeeping operations. Now, however, both the left-leaning opposition and the government agree that the country’s military readiness is inadequate.
#AceFinanceNews- KIEV – April 28 – Ukraine is ready to pay the price of 268 US dollars per 1,000 cubic metres of Russian gas, parliament-appointed Prime Minister Arseniy Yatsenyuk said on Monday, April 28.
This is 45% below the established price of gas.
If Moscow disagrees, Kiev will be prepared to contest its debt in court, he said.
Yatsenyuk told reporters that a “note” had been sent to Russia’s Gazprom, which “states the price”.
If Gazprom accepts the proposed terms, Ukraine will pay the gas debt of 2.2 billion US dollars immediately.
If no solution is found within 30 days, the dispute will be taken to court.
#AceFinanceNews – BUCHAREST – April 28 – Romania will raise the defense ministry’s 2014 budget by $217.41 million, or 0.2 percent of national output, Prime Minister Victor Ponta said Monday.
As tensions continue to build in neighbouring Ukraine, Romania has agreed a fiscal budget deficit target of 2.2 percent of gross domestic product this year under the terms of a 4-billion-euro aid deal led by the International Monetary Fund, Reuters said.
Higher defence spending would raise the ceiling, as would government plans to slash employer taxes to the social insurance budget.
REUTERS – RT News – AP