U.S. Approves $266M F-16 Sale and $20B Loan to Ukraine as Canada Allocates $600M in Aid

Dec 11, 2024, 08:41 AM

The U.S. government is accelerating military support for Ukraine, approving a $266 million sale of F-16 sustainment equipment and disbursing an additional $20 billion loan as part of a G7 initiative. This financial assistance is backed by interest earned from frozen Russian assets. The U.S. State Department confirmed the F-16 deal, which aims to bolster Ukraine's military capabilities amid ongoing conflict with Russia. Concurrently, the Canadian Parliament has approved approximately $600 million in military aid to Ukraine, including $400 million in financial assistance and $45 million for humanitarian demining and cybersecurity enhancements. This coordinated effort reflects a significant commitment from both the U.S. and Canada to support Ukraine in its defense efforts before the transition of U.S. presidential leadership in the coming weeks.