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US announces nearly $1 bn more in longer-term weapons support for Ukraine

Business Standard LogoBusiness Standard2w ago

US announces nearly $1 bn more in longer-term weapons support for Ukraine - Business Standard

Quick Summary:

The United States will provide nearly USD 1 billion more in longer-term weapons support to Ukraine, Defence Secretary Lloyd Austin said on Saturday as the Biden administration rushes to spend all the congressionally approved money it has left to bolster Kyiv before President-elect Donald Trump takes office next month.

While these weapons are critically needed now, they will be funded through the Ukraine Security Assistance Initiative, which pays for longer-term systems to be put on contract.

The weapon systems purchased are often intended to support Ukraine's future military capabilities, not make an immediate difference on the battlefield.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-08 @ 07:29:21 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24209157

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 217 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/us-announces-nearly-1-bn-17336238557089

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