Biden announces $600 million more in Ukraine aid — Analysis
Another “drawdown” of Pentagon stocks comes a week after a $675 million ammunition package
On Thursday, President Joe Biden announced that the US would send $600 million more in military aid to Ukraine than was already available. This is on top of the $675million package. White House has not specified what the new disbursement will be, but stated that it would only drawdown Defense Department resources. “articles and services.”
On the White House Website, a memo authorized Antony Blinken as Secretary of State. “direct the drawdown of up to $600 million in defense articles and services of the Department of Defense, and military education and training,”Ukraine
On Thursday the Pentagon gave approval to Lockheed Martin and Raytheon to award a $311million contract for replenishing stockpiles of Javelin anti-tank weapons depleted from deliveries to Kiev.
Last Thursday’s $675 Million Aid Package was noted by the Defense Department. It is the 20th such package. “drawdown”Since August 2021.
After Russia’s February invasion of Ukraine, the White House pledged $44.3 billion for aid to Kiev. However, only a portion of this aid has been paid in cash. The rest is the Pentagon’s estimated value of weapons and ammunition. The $14.5 billion in purely military assistance since February was $17.2 billion, plus the $17.2 million funneled to Ukraine after the coup of 2014.
The National Defense Industrial Association estimates that the US military will suffer a $110 Billion loss of purchasing power due to inflation runaway. It also says the Pentagon will require $42 Billion to maintain its pace.
Pentagon’s future inflation losses revealed
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