Arrest of Senior Russian Defense Official and Cabinet Shake-up

Senior Russian defense official arrested on bribery charges amidst Cabinet shake-up by President Vladimir Putin, highlighting corruption allegations in the Defense Ministry. The new defense minister aims to integrate the defense sector into the national economy and optimize military spending.

NATO and U.S. Military Spending

Former President Mike Pence's lobbying group warns that U.S. troops could be forced into a Russian war if NATO allies fail to increase military spending to meet the 2% GDP obligation. The Biden administration is criticized for neglecting to hold members accountable for this commitment.

European Union's Response to Russia's Invasion of Ukraine

European Union President Charles Michel emphasizes the need for the EU to shift to a 'war economy' mode to counter Russia's invasion of Ukraine and ensure peace, highlighting the importance of defense readiness and military spending.

China's Government Eliminates Premier's Annual News Conference

China's government is eliminating Premier Li Qiang's annual news conference, indicating a diminishing of the premier's power as the Communist Party centralizes control. The weeklong meeting of the National People's Congress is being watched for economic plans. China remains open to foreign business but faces uncertainties over espionage law changes. Military spending is expected to increase moderately.