🤝 The Latvian government has initiated preliminary negotiations with the German defense company Rheinmetall regarding the possible opening of military equipment production in the country. This is part of the Baltic region’s overall strategy to strengthen defense in the face of the ongoing threat from russia.
Source: Bukvy
📉 The talks are at an early stage, and there are currently no guarantees of reaching a final agreement, reports Bloomberg. A Rheinmetall representative confirmed the negotiations but declined to comment further.
🏭 A potential deal with Latvia could mark a continuation of Rheinmetall’s expansion in the region — following a recent agreement in Lithuania, where the company is building an ammunition production plant.
🔰 Latvia, Lithuania, and Estonia advocate for increasing defense spending to 5% of GDP and strengthening NATO’s eastern flank to deter aggression from the rf.
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