US EditionUS, NATO Developing Novel Funding Mechanism for Ukraine Weapons Transfers
UKRAINE, AUG 1 – NATO allies will contribute to a fund enabling $10 billion in arms transfers to Ukraine, bypassing lengthy US arms sales processes, to meet urgent defense needs, officials said.
- Last month, the United States and NATO began developing a mechanism to fund US weapons transfers to Ukraine from the Priority Ukraine Requirements List, an official said.
- A congressional initiative would allow allies to deposit money into a US Treasury fund to replenish US military equipment sent to Ukraine, an official said.
- Under the plan, Ukraine would prioritise its weapons needs in tranches of roughly $500 million, and NATO allies hope to provide $10 billion.
- Initial stages indicate at least one tranche of weapons is being negotiated under the new mechanism, which would allow NATO members to bypass US arms sales procedures, said an official.
- Future projections suggest the mechanism will bolster the Presidential Drawdown Authority by adding allied funding streams, given Russian forces control one-fifth of Ukraine.
29 Articles
29 Articles
According to media information, the US and NATO are working on an alternative model for supplying American weapons to Ukraine.
The United States and European NATO countries are developing a new mechanism to supply military aid to Ukraine with funds from European members of the Alliance, Reuters reports.
The United States and NATO are discussing a new mechanism for providing military assistance to Ukraine. It is based on the payment of American weapons at the expense of European NATO member countries.
The United States and NATO are working on a new mechanism to provide US military equipment to Ukraine that will be paid by other member States of the Alliance, according to sources of Reuters wines.
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