14:34,
YEREVAN, 18 JULY, ARMENPRESS. Britain's Ministry of Defense will allocate £2.5 billion pounds (3,27 billion dollars) additional investment in their stockpiles and munitions to improve warfighting readiness.
Announcing the decision, British Defense Secretary Ben Wallace said that the UK ‘must adapt and modernise to meet the threats we face, taking in the lessons from President Putin’s unprovoked invasion of Ukraine.’’
Investments in the most modern defense technologies will continue to be a priority, Wallace added.
The recent increased investment of £5 billion (6.5 billion dollars) at the Spring Budget allows the Ministry of Defence to plan ahead, with the Defence budget – for the first time – over £50 billion a year.