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Stock impact report

Germany investing in military amid concerns over Putin, uncertainty about U.S. support for European defense [CBS News]

RHEINMETALL AG UNSP/ADR (RNMBY) 
Company Research Source: CBS News
in an innovative array of defense technology, including drones and reconnaissance cockroaches. It's a significant change for Germans who, haunted by their country's militarized past, embraced pacifism after the Cold War. German Defense Minister Boris Pistorius said a strong military force is needed to defend the ability to live freely in peace. "Because, otherwise, there might be people like Vladimir Putin who will take that kind of living away from us," Pistorius said. Why Germany is rearming Russia's Feb. 24, 2022, invasion of Ukraine shook Germany's sense of security. Pistorius was appointed almost a year after the war in Ukraine began and has overseen a 23% uptick in military enlistments over last year. Pistorius has warned Putin is rebuilding Russia's military and said Russia could be in a position to attack the West by the end of the decade. "He does not stop stressing what he's really longing for, like, a renaissance of the Soviet empire," Pistorius said of Putin. "He Show less Read more
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