US Secretary of State Antony Blinken has announced a USD 2 billion arms package arms deal for Ukraine, most of the money coming from a package approved last month.
The announcement came Wednesday as Blinken was in Kyiv to reassure Ukraine of the US support as it attempts to fight off a new Russian offensive.
At his final event Wednesday of a two-day visit to Kyiv, Blinken said the Biden administration had approved a USD 2 billion, medium- and long-term foreign military financing package for Ukraine.
The packages generally send US taxpayer money to American defense firms to manufacture and ship weaponry and other military supplies to the recipient country.
Most of the money, about USD 1.6 billion, comes from the USD 60 billion allotted to Ukraine in the supplemental foreign assistance legislation passed by Congress and signed by President Joe Biden, officials said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.