France Approves Record Military Spending Amid Ukraine Conflict

The French government has approved a budget bill that includes $450 billion in military spending for the period covering 2024-2030, making it the country's biggest military spending spree in over 50 years. The bill aims to modernize France's nuclear arsenal, boost intelligence spending, double the number of military reservists, reinforce cyberdefense, and develop more remote-controlled weapons. The bill will also increase the arms industry's production capacity to provide assistance to Ukraine and adequately supply the French military. The budget bill will be debated in parliament in May-June with the aim of entering into force by mid-July.