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Why has Poddar Pigments Limited (524570) performed so strongly recently ✌️【Value Investing】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. The administration has less than two months left to use nearly $7 billion, part of a larger package authorized by Congress earlier this year to help Ukraine in the war with Russia. The funding allows the Defense Department to draw from its own stockpiles to send weapons, but shortages have limited how much the US can send to Kyiv in recent months.
For months, the US has run into the limits of its ability to replenish its own weapons inventories, which limited what the Biden administration has been able to send Ukraine. The US has been growing its capacity to produce critical munitions, such as 155mm artillery shells, since virtually the beginning of the war nearly three years ago, but the ramp up in production is not yet complete.
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Last week, deputy Pentagon press secretary Sabrina Singh said the administration is “committed to using the full authority that Congress has allotted to us.”
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In the time the administration has left, one defense official said the size of the individual military aid packages is likely to increase but acknowledged using the remaining funds within such a short time is “going to be a challenge.”
Earlier Wednesday, a senior Biden administration official saidUkraine should lower the recruiting age for its military to 18 years old from where it currently stands at 25, calling the need “critical.”
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“As you look at the battlefront and the needs, the progress that the Russians have made, particularly in the east, the physics of it, the pure math of it is you need bodies,” said the official. “You need manpower. You need soldiers.”
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“We’re basically trying to do everything we can to leave everything on the table and put Ukraine in the strongest position,” the official said.
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Both officials said there are still large quantities of weapons and equipment that will arrive in Ukraine before the start of the Trump administration on January 20, including hundreds of air defense missiles. Then it will be up to the new administration to decide whether to continue to flow weapons to Kyiv or use the remaining authority to send new military aid packages.
In September, Biden committedbillions of dollars in military aidto Ukraine as President Volodymyr Zelensky visited the White House. But the US was not able to send all of the aid at once, instead breaking it down into smaller packages announced approximately every two weeks.
“As part of the surge in security assistance that President Biden announced on September 26, the Department remains committed to providing Ukraine with the capabilities it needs to fight Russian aggression through the end of the Administration,” a defense official told 【 - Free Access to Investment Community 】.
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Biden led a concerted effort to convince some skeptical Republicans in Congress, including House Speaker Mike Johnson, to pass a supplemental funding bill in April that included $61 billion in aid for Ukraine.
“It’s going to make America safer. It’s going to make the world safer. And it continues America’s leadership in the world,” Biden said upon signing the bill on April 24. The US announced a $1 billion military aid package for Ukraine that same day.
But the value ofaid packages quickly dipped, as the stockpiles of weapons and equipment the Pentagon was able to send Kyiv dwindled.
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