NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

US to give Ukraine new $400 million military aid package

Published 21/07/2023, 20:41
© Reuters. Military aid, delivered as part of the United States' security assistance to Ukraine, is unloaded from a plane at the Boryspil International Airport outside Kyiv, Ukraine February 13, 2022. REUTERS/Serhiy Takhmazov/File Photo
SYK
-

By Mike Stone and Steve Holland

WASHINGTON (Reuters) - The United States plans to announce as soon as Tuesday a new military aid package for Ukraine worth up to $400 million, primarily comprised of artillery, air defense missiles and ground vehicles as Ukraine's counteroffensive grinds on, three U.S. officials said on Friday.

The U.S. is not including cluster munitions in this weapons assistance package, two of the officials who spoke on condition of anonymity said. The U.S. first sent dual-purpose improved conventional munitions (DPICM) - a cluster munition fired from a 155 millimeter Howitzer cannon to Ukraine earlier in July.

Included in the package are several Stryker (NYSE:SYK) armored personnel carriers, mine clearing equipment, munitions for National Advanced Surface-to-Air Missile Systems (NASAMS), munitions for High Mobility Artillery Rocket Systems (HIMARS), anti-tank weapons including TOW and Javelin and munitions for Patriot and Stinger anti-aircraft systems, according to the officials.

The package was still being finalized and could change.

© Reuters. Military aid, delivered as part of the United States' security assistance to Ukraine, is unloaded from a plane at the Boryspil International Airport outside Kyiv, Ukraine February 13, 2022. REUTERS/Serhiy Takhmazov/File Photo

The package would be funded using Presidential Drawdown Authority, or PDA, which authorizes the president to transfer articles and services from U.S. stocks without congressional approval during an emergency. The material will come from U.S. excess inventory.

The security assistance package would be the 43rd approved by the United States for Ukraine since the Russian invasion in February 2022, for a total of more than $41 billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.