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Defense Secretary Lloyd Austin was expected to detail the figure at the last meeting of the US-led Ukraine Defense Contact Group at Ramstein Air Base in Germany.

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Biden had been set to meet with Ukrainian President Volodymyr Zelensky on Friday in Rome for what was likely to be their final meeting, but the White House announced late Wednesday night that it was canceling the trip to focus on the wildfires raging in California.

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Earlier Wednesday, President-elect Donald Trump’s incoming envoy for Ukraine and Russia, Keith Kellogg, told Fox News that he hopes to have a “solvable solution” between the two sides within 100 days of Trump taking office.

US officials say the sanctions the US has imposed on Russia have contributed to a significant weakening of the Russian economy – with current soaring inflation and interest rates and Russia’s diminishing ability to compete economically in the long term. The latest sanctions that are expected to be announced, whose targets are unclear, are being discussed – but not coordinated – with incoming Trump officials even though the next administration would be charged with enforcing them.

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