Connect with us

Hi, what are you looking for?

Economy

Biden’s Defense Department announces new multi-billion-dollar aid packages for Ukraine

The Department of Defense (DoD) announced two weapons packages for Ukraine on Monday, totaling $2.47 billion. 

The first of the two, the Presidential Drawdown Authority package, with an ‘estimated value’ of $1.25 billion, is meant to ‘provide Ukraine additional capabilities to meet its most urgent needs, including: missiles for air defense; munitions for rocket systems and artillery; and anti-tank weapons,’ the DoD stated in a press release.

‘In addition, DoD announced an approximately $1.22 billion Ukraine Security Assistance Initiative (USAI) package to provide Ukraine with additional air defense, air-to-ground, Unmanned Aerial Systems, and other capabilities to fight Russian aggression.’

The aid packages come as the national debt tracker stands at more than $36 billion as of Dec. 26. 

The DoD outlined the packages’ capabilities, including missile systems, missiles, munitions, ammunition, anti-armor systems, medical equipment and more.

‘This is the Biden Administration’s twenty-third USAI package and seventy-third tranche of equipment to be provided from DoD inventories for Ukraine since August 2021,’ the statement reads. 

‘The United States continues to work together with some 50 Allies and partners through the Ukraine Defense Contact Group and its associated Capability Coalitions to provide the support Ukraine needs to prevail in its fight against Russian aggression.’

FOX News’ Eric Revell and Liz Friden contributed to this report. 

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Kim Jong Un attended a “paramilitary parade” with his daughter to mark the 75th anniversary of North Korea’s founding on Saturday, the country’s state...

    Stock

    Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will...

    Investing

    Cybercrimes are a growing problem for individuals, businesses and governments alike. Still, many people continue to ask the question, “Why is cybersecurity important?” For...

    Stock

    The Consumer Price Index hit 3.2% in July, compared with 3% in June, the Bureau of Labor Statistics reported Thursday. Once again, food prices...

    Disclaimer: aimyourdeals.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 aimyourdeals.com