Billions in aid for Ukraine  on September 7, 2024


Balanced News   View All Sources

✅ Billions in US aid to Ukraine due to expire

Politics

Washington has reportedly been too slow to spend the approved funds due to concerns its own weapons stocks were running low. Kiev could lose nearly $6 billion in previously approved US military aid unless Washington finds a way to withdraw or otherwise secure the money before the end of September, Reuters reported on Thursday citing sources. The funds in question come from the Presidential Drawdown Authority (PDA), a major component of the $61 billion aid package for Ukraine that Washington passed in April. The PDA is a key mechanism the US uses to supply weapons to Kiev, as it allows the president to authorize immediate transfers of goods and services from US stocks.

SOTT     Sep 07, 2024