Leaders of the NATO alliance will gather in Ankara, Turkey next week for a crucial summit where it is anticipated that member countries will jointly commit €70 billion, roughly translating to $80 billion, in military aid to Ukraine for the year 2026. This gathering comes on the heels of the Pentagon informing U.S. senators that the financial burden of America's involvement in the conflict with Iran has already hit $80 billion, with Defense Secretary Hegseth providing Congress with a comprehensive update on the fiscal impact. For U.S. taxpayers, these dual military obligations signify an unprecedented level of defense spending at a time when Russia poses threats of preemptive strikes against the EU and the nuclear agreement with Iran remains precarious.
