US announces new $425mn military aid package for Ukraine

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The story "US announces new $425mn military aid package for Ukraine" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

US announces new $425mn military aid package for Ukraine - Financial Times

Quick Summary:

The US has announced a new $425mn military aid package for Ukraine, as President Joe Biden tries to surge security assistance to Kyiv before his term ends and is possibly succeeded by Donald Trump.

The company, formerly known as Raytheon, was accused of defrauding the US defence department into paying an extra $111mn for the missile system and the operation of a radar system between 2012 and 2018.

Meanwhile, the dollar rose 0.3 per cent against a basket of peers, reaching its strongest level since the start of August.