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Biden administration to announce its final $1.2 billion Ukraine aid package under USAI, Reuters reports

The Biden administration is planning to announce in the coming days its final aid package under the Ukraine Security Assistance Initiative (USAI) worth around $1.2 billion, Reuters reported on Dec. 20, citing unnamed sources. The U.S. provided more than $60 billion in military aid to Ukraine under the Biden administration. The USAI is a Pentagon-led […]

Ukraine

December 20, 2024

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Biden announces $2.5 billion security assistance package for Ukraine

U.S. President Joe Biden announced a new security assistance package for Ukraine worth nearly $2.5 billion on Dec. 30. The package includes a $1.25 billion "drawdown package" of military equipment for Ukraine and $1.22 billion under the Ukraine Security Assistance Initiative (USAI), a Pentagon-led program that procures arms for Ukraine through contracts with U.S. defense […]

Ukraine

December 30, 2024

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Biden asking US Congress for $24 billion in Ukraine aid, arms replenishment, Politico reports

U.S. President Joe Biden is quietly asking the U.S. Congress to greenlight an additional $24 billion in assistance to Ukraine and to replenish provided weapons before he leaves office, Politico Pro reported on Nov. 26, citing an obtained document. The news comes amid the Biden administration's efforts to ship in as much aid to Ukraine […]

Ukraine

November 27, 2024

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Biden leaves nearly $4 billion in US aid to Ukraine unused. What will happen to it under Trump?

U.S. President Joe Biden will be passing around $3.8 billion in the so-called Presidential Drawdown Authority (PDA) to his successor — Donald Trump. On the campaign trail, Trump has repeatedly criticized the Biden administration for providing Ukraine with military assistance, including through military shipments using the PDA. Countering Trump's rhetoric, the outgoing administration stated its […]

Ukraine

January 14, 2025

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Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets

Ukraine is set to receive $50 billion in frozen Russian assets held by the United States and the European Union, U.S. Secretary of State Antony Blinken announced on Dec. 4. Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine. "Making sure that […]

Ukraine

December 4, 2024

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British PM Starmer to press Biden to release $20 billion aid for Ukraine before Trump takes office, Telegraph reports

British Prime Minister Keir Starmer is preparing to press outgoing U.S. President Joe Biden to release a $20 billion aid package for Ukraine during next week’s G20 summit in Brazil, the Telegraph reported on Nov. 12. This would be the latest part of European power’s attempt to persuade Biden to step up help to Ukraine […]

Ukraine

November 12, 2024

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Drone coalition to gather $1.8 billion by end of 2024, defense minister says

The international drone coalition is planning to gather 1.8 billion euros ($1.8 billion) by the end of 2024 to support Ukraine, Defense Minister Rustem Umerov announced on Nov. 25. "This decision will allow Ukraine to strengthen its technological advantage on the battlefield and destroy the enemy more effectively," Umerov said. An allied initiative, co-headed by […]

Ukraine

November 25, 2024

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EU Defense Commissioner proposes $105 billion defense budget allocation, Politico reports

European Union Commissioner for Defense and Space, Andrius Kubilius, has proposed allocating 100 billion euros ($105 billion) for defense in the next seven-year EU budget, Politico reported on Dec. 8. This amount would be a significant increase from the current 10 billion euros allocated for the EU’s seven-year budget. Kubilius emphasized, in his interview with […]

Ukraine

December 8, 2024

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EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets

Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10. The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine […]

Ukraine

January 10, 2025

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EU to allocate $36 billion of financial support to Ukraine

The European Union will provide 35 billion euros ($36 billion) in financial assistance to Ukraine in 2025 through the G7 ERA credit initiative and the Ukraine Facility program, European Commission's vice-president and trade commissioner announced on Jan. 22. Great to meet with @Svyrydenko_Y, Ukraine’s First Deputy PM, at #Davos2025. We discussed enlargement and steps to […]

Ukraine

January 22, 2025

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European Commission approves $4.3 billion for Ukraine under Ukraine Facility program

The European Commission agreed to allocate 4.1 billion euros ($4.3 billion) to Ukraine under the Ukraine Facility program, European Commission President Ursula von der Leyen confirmed on Nov. 14. The decision must be approved by the EU Council before the transfer. "As we're approaching the 1000th day of Russia's atrocious war, we will help keep […]

Ukraine

November 14, 2024

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G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets

The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7 announced on Oct. 25. "Our aim is to begin disbursing the funds by the end of the year," a statement from the G7 leaders read. During the […]

Ukraine

October 25, 2024

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