Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

US Bolsters Ukraine With Additional $450 Million in Weapons and Aid

Global Jun 24, 2022 07:44
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

(Bloomberg) -- The US said it will provide another $450 million in advanced weaponry and aid to Ukraine, the latest tranche in what has become a multibillion-dollar effort to help push back Russia’s invasion. 

The new package includes patrol boats, cannon shells, rocket systems and additional ammunition to “help Ukraine defend its democracy in the face of unprovoked Russian aggression,” National Security Council spokesman John Kirby (NYSE:KEX) told reporters Thursday. Kirby said US security assistance since the war began now totals about $6.1 billion. 

The move comes just weeks after President Joe Biden announced $1 billion in new weapons and support, including high-technology rocket systems meant to allow Ukraine to hit Russian targets from as far as 80 kilometers (50 miles) away. After required training for Ukraine’s military, some of those weapons are now flowing into the country. 

With the war about to enter its fifth month, the conflict has transformed into a slow grind that’s largely centered in Ukraine’s east. Russian troops this week seized two more villages south of Lysychansk, in Luhansk, a stronghold Kyiv relies on in its defense in that area. 

According to a Pentagon statement, the new assistance includes four High Mobility Artillery Rocket Systems; 36,000 rounds of 105mm ammunition; 18 tactical vehicles to tow 155mm artillery; 1,200 grenade launchers; 2,000 machine guns; and 18 coastal and riverine patrol boats.

US officials including Defense Secretary Lloyd Austin and General Mark Milley, head of the Joint Chiefs of Staff, have rejected criticism that new American and NATO weaponry is flowing into Ukraine too slowly to change the course of the war.  

EU Aims to Finalize $9.5 Billion Ukraine Loan Package This Week

“When you’re in a fight you can never get enough and never get it quick enough,” Austin told reporters in Brussels last week, after saying “we remain focused on Ukraine’s needs, and we understand what those needs are.”

Biden and other G-7 and NATO leaders will have the Ukraine war and its impacts -- including on energy supplies and inflation -- at the top of their agenda when they gather for two separate meetings next week in Germany and Spain. 

Ukraine will also look for assurances that its request to join the European Union remains on track. The time line for Ukraine to achieve EU membership will hinge on the country’s ability to enact reforms, as well as the course of the war, a top aide to President Volodymyr Zelenskiy said. 

©2022 Bloomberg L.P.

US Bolsters Ukraine With Additional $450 Million in Weapons and Aid
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email