Business news from Ukraine

US announces new aid package for Ukraine

12 March , 2024  

US National Security Advisor Jake Sullivan has announced a new $300 million military aid package for Ukraine, including artillery ammunition and HIMARS shells.

“I’m announcing a $300 million emergency security assistance package of weapons and equipment to address some of Ukraine’s most pressing needs,” Sullivan said at a briefing on Tuesday.

He noted that the opportunity to transfer the aid was made possible by “unanticipated cost savings” in contracts that the Defense Department had awarded to replace equipment that had already been sent to Ukraine.

Sullivan noted that the opportunity to transfer the aid was made possible by “unanticipated cost savings” from contracts the Defense Department had signed to replace equipment that had already been sent to Ukraine.

“To be very clear, we can use these cost savings to provide this modest amount of new security assistance right now without compromising the U.S. military. And the president has instructed his team to use those savings,” Sullivan explained.

The White House reported that the announced aid package, in particular, includes a large batch of artillery ammunition and GMLRS used in the M270 MLRS and M142 HIMARS multiple launch rocket systems.

“This is the assistance Ukraine desperately needs to hold the front line against Russian attacks and to counter Russia’s ongoing offensive in eastern and other parts of Ukraine. This ammunition will keep Ukrainian forces firing for some time, but only for a short period,” he emphasized.

Sullivan added that this aid will not prevent Ukraine from running out of ammunition in the coming weeks.

“It goes without saying that this package does not and should not postpone the critical need to pass a bipartisan national security bill,” he emphasized.

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