U.S. President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces, two U.S. officials familiar with the matter told Reuters.
The equipment would be funded using Presidential Drawdown Authority, or PDA, in which the president can authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency.
One of the officials said final determinations were still being made about the mix of equipment.
The White House said last week that it has provided more than $1.7 billion in security assistance to Ukraine since Russia invaded on Feb. 24.
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.