Source: Bloomberg
“The US on Monday announced almost $5.9 billion in military and economic aid for Ukraine, some of the final funds to be disbursed under President Joe Biden before an expected shift in support by incoming President-elect Donald Trump. The military aid includes $1.25 billion in so-called Presidential Drawdown Authority, which pulls weapons and ammunition from US stockpiles, and the final $1.22 billion from the Ukraine Security Assistance Initiative, Biden said in a statement. The aid includes air defense, artillery and ‘other critical weapons systems,’ he said. Separately, the Treasury Department announced the last $3.4 billion disbursement in direct budget support under last year’s Ukraine Security Supplemental Appropriations Act.” (12/30/24)