The EU has a much larger GDP and a significantly higher defense budget than Russia (about 457 billion USD vs. 146 billion USD in 2024). While its industry is more fragmented, it can be rapidly scaled up when needed as demonstrated in Ukraine. and the comparison to russia also lacks because the EU doesn’t consider the current situation as active war. However, compared to the US and China, the EU still lags behind their global projections. Although Russia has increased its arms production in recent years, it is suffering from sanctions and material losses in the Ukraine conflict, which limits its military capabilities. Overall, the EU is economically and industrially stronger than Russia, but still trails the US and China in a global comparison. Since there is a noticable shift of power in the world the EU started to focus more on China and India as trading partners and leave the US who traditionally were European allies.
Freakazoid!
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Cake day: August 11th, 2024
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because the other regions are just as capitalistic?