Sweden intends to increase its military spending to 2.6% relative to the size of its economy by 2030, the newly joined NATO member aiming to surpass the alliance’s overall target, reports Bloomberg. This goal, announced by political parties in the Scandinavian country on Friday, comes against the backdrop of preparations for the risk of Russian aggression extending beyond Ukraine. Sweden’s Defense Commission stated that by 2030, Stockholm plans to add approximately 53 billion kronor (4.9 billion dollars) annually to its military budget. This year, defense funding corresponds to the minimum lev…