Europe Presses Spain and Greece to Give Ukraine Air Defenses

NATO and EU countries are pressuring Spain and Greece to transfer Patriot interceptor missiles to Ukraine as Kyiv struggles to withstand Russia’s growing air strikes. The escalation of cross-border defense support increases immediate geopolitical risk, with potential knock-on effects for European defense supply and broader risk sentiment. Overall, the development is negative for stability expectations and could drive sector volatility tied to defense procurement and logistics.