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February 28, 2022updated 20 Jul 2022 8:36am

US authorises $350m of additional military aid to Ukraine

The military assistance will include anti-armour, body-armour, small arms, various munitions, and military equipment.

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GlobalData
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The US is set to send an additional $350m worth of weapons and ammunition to Ukraine to help it defend itself against the Russian invasion.

The move comes after US President Joe Biden authorised the military assistance.

According to the US Department of Defense (DoD) statement, the assistance will include anti-armour, body-armour, small arms, various munitions, and military equipment from DoD inventories.

The latest military aid marks the third time in recent months that President Biden used the Presidential Drawdown Authority to facilitate emergency security assistance for Ukraine.

In total, the US has approved more than $1bn in security assistance over the last year.

Pentagon Press Secretary John Kirby said: “We, along with our allies and partners, are standing together to continue to expedite security assistance to Ukraine, and are employing all available security cooperation tools in support of the Ukrainian people as they defend themselves against this aggression.”

“So, our commitments and deliveries continue as a sign of our unwavering support for Ukraine’s sovereignty and territorial integrity.”

Several Nato allies have also announced military support for Ukraine, in addition to providing financial and humanitarian assistance.

According to a Nato statement, thousands of anti-tank weapons and hundreds of air-defence missiles, as well as small arms and ammunition stocks, are being sent to the country.

Germany is sending approximately 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles while France is supplying defensive military equipment.

The Dutch Government has confirmed that it is sending 200 Stinger missiles to Ukraine.

Another Nato member, Belgium, has committed 2,000 machine guns and 3,800 tonnes of fuel in support of Ukraine’s defence.

Free Report
img

Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GlobalData
Enter your details here to receive your free Report.

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