Home / Market Update / Washington to announce $750 million more in weapons for Ukraine

Washington to announce $750 million more in weapons for Ukraine

US President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces.

The equipment would be funded using the Presidential Drawdown Authority, or PDA, in which the president can authorize the transfer of articles and services from US stocks without congressional approval in response to an emergency.

Russia’s President Vladimir Putin said on Tuesday that peace talks with Ukraine had hit a dead end. Instead, Putin promised that Russia would achieve all of its “noble” aims in Ukraine. “We have again returned to a dead-end situation for us,” Putin told a news briefing during a visit to the Vostochny Cosmodrome 3,450 miles (5,550 km) east of Moscow.

“We don’t intend to be isolated,” Putin added. “It is impossible to severely isolate anyone in the modern world – especially such a vast country as Russia”.

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …