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    UK Court awards £20m Damages in favour of Nigeria against P&ID

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    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

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    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

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    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Augusto & Co. upgrades Globus Bank Limited’s rating to A and A1

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What is in the new US$800 million U.S. aid to Ukraine announced by Biden?

Thursday, 17 March 2022, 8:55 am
in News, World
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What is in the new US$800 million U.S. aid to Ukraine announced by Biden?
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On Wednesday, shortly after the Ukrainian President Zelensky addressed the U.S. Congress, an additional US$800 million aid for Ukraine was announced.

The additional $800 million comes on top of the $200 million in funding that was announced Saturday.

Announcing the aid, President Biden thanked the U.S. Congress for appropriating the funds, stating that the new package on its own is going to provide unprecedented assistance to Ukraine.

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The new package of aids includes the following according to Fox News;

  • 800 Stinger anti-aircraft systems
  • 2,000 Javelins
  • 1,000 light anti-armor weapons
  • 6,000 AT-4 anti-amor systems
  • 100 unmanned drones
  • 100 grenade launchers
  • 5,000 riffles
  • 1,000 pistols
  • 400 machine guns
  • 400 shotguns
  • more than 20 million rounds of small arms ammunition and grenade launcher and mortar rounds
  • 25,000 sets of body armor
  • 25,000 helmets

These equipment according to the President will be transferred directly from the U.S. Department of Defense to the Ukrainian military.

Biden explained that the American people are supporting the people of Ukraine in the face of Putin’s immoral, unethical attacks on civilian populations.

“This could be a long and difficult battle,” the President warned.

“We are united in our abhorrence of Putin’s depraved onslaught. We’re going to continue to have their backs as they fight for their freedom, their democracy, very survival,” the president said. “We’re going to give Ukraine the arms to fight, to defend themselves through all the difficult days ahead.”

The United States have also been mobilizing humanitarian relief to support people within Ukraine and those who’ve been forced to flee Ukraine.

President Biden noted that in the last few weeks, the U.S. has provided $300 million of humanitarian assistance to the people in Ukraine and in neighboring countries.

The president vowed that the U.S., in coordination with allies and partners, “will keep up the pressure on Putin’s crumbling economy, isolating him on the global stage.”

“That’s our goal,” Biden said. “Make Putin pay the price, weaken his position while strengthening the hand of the Ukrainians on the battlefield, at the negotiating table, together with our allies and partners.”

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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