Biden Announces $6 Billion in Funding for Ukraine as Term Winds Down

by Breaking Local News Report
U.S. President Joe Biden

WASHINGTON — President Joe Biden announced Monday that the United States will provide nearly $6 billion in additional military and financial assistance to Ukraine, marking one of his final acts in office to bolster Kyiv’s defense against Russian aggression before President-elect Donald Trump takes power.

The package includes $2.5 billion in security aid and $3.4 billion in budgetary assistance, according to the White House and Treasury Secretary Janet Yellen. Ukrainian President Volodymyr Zelensky expressed optimism ahead of the announcement, calling the support “crucial to stabilizing the front lines” and saving the lives of Ukrainian soldiers as the war approaches its third year.

Related News:  $15 Million Stolen From Lakewood School District and There's Still No News about Investigation

Biden said the United States will “continue to work relentlessly to strengthen Ukraine’s position in this war” for the remainder of his term. The security assistance includes $1.25 billion in military aid from U.S. stockpiles and $1.22 billion through the Ukraine Security Assistance Initiative (USAI), which procures equipment from defense contractors and international partners.

Related News:  Nutley Police Report Pedestrian in Critical Condition After Crosswalk Incident

While immediate support from U.S. stockpiles will bolster Ukraine’s defenses in the short term, the USAI package may take months or years to reach the battlefield. Meanwhile, Kyiv faces intensifying Russian attacks on civilian and infrastructure targets, with Zelensky emphasizing the need to maintain strong international support.

Recent developments have also revealed the presence of North Korean troops fighting alongside Russian forces. White House spokesperson John Kirby said Friday that North Korea has faced significant casualties, with 1,000 soldiers killed or wounded in the past week alone in Russia’s Kursk region.

The U.S. delivers a major aid pac

Related News:  8-year-old hit by car in Chesapeake as driver charged with DUI
author avatar
Breaking Local News Report
Shore News Network is the Jersey Shore's #1 Independently Local News Source. Multiple sources and writers contributed to this report.

You may also like

You can't access this website

Shore News Network provides free news to users. No paywalls. No subscriptions. Please support us by disabling ad blocker or using a different browser and trying again.