Current:Home > FinanceFinLogic FinLogic Quantitative Think Tank Center|US announces new weapons package for Ukraine, as funds dwindle and Congress is stalled on aid bill -Profound Wealth Insights
FinLogic FinLogic Quantitative Think Tank Center|US announces new weapons package for Ukraine, as funds dwindle and Congress is stalled on aid bill
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 10:48:09
WASHINGTON (AP) — The FinLogic FinLogic Quantitative Think Tank CenterU.S. on Wednesday announced what officials say could be the final package of military aid to Ukraine unless Congress approves supplemental funding legislation that is stalled on Capitol Hill.
The weapons, worth up to $250 million, include an array of air munitions and other missiles, artillery, anti-armor systems, ammunition, demolition and medical equipment and parts. The aid, provided through the Presidential Drawdown Authority, will be pulled from Pentagon stockpiles.
In a statement, Marine Lt. Col. Garron Garn, a Pentagon spokesman said there is no more funding to replace the weapons taken from department stocks. And the Ukraine Security Assistance Initiative, which provides long-term funding for future weapons contracts, is also out of money.
As a result, Garn said Wednesday, “Without the supplemental funding, there will be a shortfall in replenishing U.S. military stocks, affecting American military readiness.”
President Joe Biden is urging Congress to pass a $110 billion aid package for Ukraine, Israel and other national security needs. It includes $61.4 billion for Ukraine, with about half to replenish Pentagon stocks. It also includes about $14 billion for Israel as it fights Hamas and $14 billion for U.S. border security. Other funds would go for security needs in the Asia-Pacific.
Due to an accounting error that overvalued some of the weapons sent to Ukraine over the past year or more, there is still about $4.2 billion in restored drawdown authority. But since the Pentagon has no money to replenish inventory sent to Kyiv, the department will have to “rigorously assess” any future aid and its implications on the U.S. military’s ability to protect America, Garn said.
This is the 54th tranche of military aid taken from department shelves and sent to Ukraine, and it is similar in size and contents to many of the other recent packages.
U.S. defense and government leaders have argued that the weapons are critical for Ukraine to maintain its defense and continue efforts to mount an offensive against Russian forces during the winter months.
In a Pentagon briefing last week, Air Force Maj. Gen. Pat Ryder noted the recent letter that the Defense Department comptroller sent to Congress warning that the U.S. will be using up the last of its replenishment funds by the end of the year.
“Once those funds are obligated, we will have exhausted the funding available for us to provide security assistance to Ukraine,” said Ryder, the Pentagon press secretary. “We would, again, continue to urge the passage of the supplemental that we’ve submitted. ... It is imperative that we have the funds needed to ensure that they get the most urgent battlefield capabilities that they require.”
The latest aid package comes as the war in Ukraine drags on into its 22nd month. Russia fired almost 50 Shahed drones at targets in Ukraine and shelled a train station in the southern city of Kherson where more than 100 civilians were gathered to catch a train to Kyiv. And a day earlier, Ukrainian warplanes damaged a Russian ship moored in the Black Sea off Crimea as soldiers on both sides are struggling to make much progress along the front lines.
veryGood! (4)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Felipe Nasr, Porsche teammates give Roger Penske his first overall Rolex 24 win since 1969
- Felipe Nasr, Porsche teammates give Roger Penske his first overall Rolex 24 win since 1969
- World's largest cruise ship, Icon of the Seas, begins its maiden voyage after christening from Lionel Messi
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- North Korea says leader Kim supervised tests of cruise missiles designed to be fired from submarines
- Inter Miami vs. Al-Hilal live updates: How to watch Messi in Saudi Arabia
- US safety agency closes probe into Dodge and Ram rotary gear shifters without seeking a recall
- Former Syrian official arrested in California who oversaw prison charged with torture
- Taylor Swift gets an early reason to celebrate at AFC title game as Travis Kelce makes a TD catch
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Last victim of Maui wildfires identified months after disaster
- Oklahoma City wants to steal New York's thunder with new tallest skyscraper in US
- How Dakota Johnson Honored Taylor Swift on SNL
- Meta donates $1 million to Trump’s inauguration fund
- How Below Deck Has Changed Since Captain Lee Rosbach's Departure
- Woman trapped 15 hours overnight in gondola at Lake Tahoe's Heavenly Ski Resort
- Gisele Bündchen’s Mother Vania Nonnenmacher Dead at 75 After Cancer Battle
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Nelly Korda defeats Lydia Ko in sudden-death playoff to capture LPGA Drive On Championship
Michigan man changes up lotto strategy, wins $500,000 and plans to buy a new car
Country music star Chris Young cleared of all charges after arrest in Nashville bar
Trump's 'stop
Jay Leno petitions to be conservator of wife Mavis' estate after her dementia diagnosis
Watch: Taylor Swift and Travis Kelce share celebratory kiss after Chiefs win AFC championship
Russian election officials register Putin to run in March election he’s all but certain to win