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US to send $ 1.7 billion in military aid including munitions to Ukraine

Business Standard LogoBusiness Standard10h ago

US to send $ 1.7 billion in military aid including munitions to Ukraine - Business Standard

Quick Summary:

The US will send USD 1.7 billion in military aid to Ukraine, officials announced on Monday, including an array of munitions for air defence systems, artillery, mortars and anti-tank and anti-ship missiles.

The latest infusion of weapons comes a bit more than two weeks after the NATO summit in Washington, where allies focused a significant amount of time on shoring up support for Ukraine as it fends off Russian forces.

The package includes USD 1.5 billion in funding for long-term contracts through the Ukraine Security Assistance Initiative, and USD 200 million in immediate military aid taken from Pentagon stockpiles.


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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: 2024-07-30 @ 07:45:40 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 21844213

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 253 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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