00:00Some projections put the total cost as high as 10 billion euros in the long run.
00:05This project is the cornerstone of Poland's historic military modernization.
00:10To give you some perspective, the country's total defense budget is set to hit over 4.7% of its GDP in 2025.
00:19That's a colossal commitment of nearly 200 billion złoty, or over $50 billion,
00:24putting Poland right at the top of NATO for defense spending relative to its economic size.
00:30A multi-billion euro price tag like this raises a pretty obvious question.
00:36Where is all this money coming from?
00:38The answer is a mix of national determination and international cooperation.
00:44First and foremost, the bulk of the funding comes directly from Poland's own national budget.
00:51That unprecedented defense spending, approaching 4.8% of GDP,
00:55is the main engine driving not just the Eastern Shield,
00:59but also a massive shopping spree for weapons from the US and South Korea.
01:04Warsaw is shouldering an incredible financial burden to secure its future.
01:09But Poland isn't going it alone.
01:11The European Union has recognized the Eastern Shield
01:13as a strategically vital project for the entire continent's defense.
01:17This recognition is already unlocking serious financial support.
01:22Poland has secured a preliminary agreement with the European Investment Bank, EIB,
01:27for a 1 billion euro loan specifically for the project,
01:31making the Shield an officially EU-backed venture.
01:34Beyond that loan, Poland is also trying to tap into larger European funds.
01:38The government is in serious talks to finance parts of its defense overhaul
01:43through the EU's main budget,
01:45arguing that by protecting its border, it's protecting the entire Union.
Comments