Lloyd Austin Unveils New $2.3BN Aid While Hosting Ukraine’s Defense Chief – ZeroHedge 7/2/24

Source: ZeroHedge.com

We wrote in early June that the White House is planning to announce new Ukraine arms and funding packages about every two or three weeks, drawing from Biden’s $60 billion in recently approved total funding. In mid-May there was a package unveiled at $275 million, followed in the first week of June with another $225 million package.

It is not only consistency of these rollouts that is set to increase, but apparently the size of each, given that Defense Secretary Lloyd Austin on Tuesday said that the US will soon announce a whopping more than $2.3 billion in new military aid for Ukraine.

“This package under presidential drawdown authority will provide new air defense interceptors, anti-tank weapons, and other critical munitions from US inventories,” Austin explained in a meeting with Ukrainian Defense Minister Rustem Umerov as they met at the Pentagon.

“It will also enable the United States to procure more Patriot and NASAMs air defense interceptors, which will be provided on an accelerated timeline by the resequencing of deliveries for some foreign military sales,” he added.

A chunk of this is also expected to utilize the Ukraine Security Assistance Initiative (USAI), which authorizes the US government to purchase from the US defense sector….

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