World News Intel

Today, as part of the surge of assistance that President Biden directed ahead of his meeting with President Zelenskyy, the Department notified Congress of the intent to direct the drawdown of up to approximately $5.55 billion in defense articles and services from DoD stocks for military assistance to Ukraine under Presidential Drawdown Authority.

This drawdown utilizes the remaining authority of the Presidential Drawdown Authority under section 506(a)(1) of the Foreign Assistance for fiscal year 2024 provided by the Ukraine Security Supplemental Appropriations Act, 2024, which will expire on September 30, 2024. We are taking this step to ensure this Authority does not expire and the United States can fully utilize the funding appropriated by Congress.

By doing so, the United States will be able to continue to provide a surge in defense articles and services to Ukraine from DoD stocks under planned drawdowns in the weeks and months ahead. These drawdowns have been made possible by strong bipartisan support from Congress.

The United States is committed to supporting the Ukrainian military with the equipment they need to strengthen their position on the battlefield, defend their territory and people from the Kremlin’s brutal aggression, and prevail in this war to secure a just, lasting, and comprehensive peace. As President Biden has made clear, the United States and the international coalition we have assembled will continue to stand with Ukraine.

Source_link

Share.
Leave A Reply

Exit mobile version

Subscribe For Latest Updates

Sign up to best of business news, informed analysis and opinions on what matters to you.
Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!