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US offers Poland rare loan of $2 billion to modernize its military
US offers Poland rare loan of $2 billion to modernize its military
The Biden administration announced Monday that it is offering a $2 billion loan to Poland, which has been a hub for weapons going into Ukraine, to support the ally’s defense modernization.
The State Department said in a statement that Poland is a “stalwart” ally of the U.S. whose “security is vital to the collective defense” of NATO ’s eastern flank, and that such funding is reserved for Washington’s most important security partners.
The U.S. government is also providing Warsaw up to $60 million for the cost of the loan in Foreign Military Financing (FMF) which would support “urgent procurements of defense articles and services from the United States,” the State Department said. The $60 million is a loan subsidy meant to ensure that Warsaw can secure favorable terms for the loan.
Poland has been a staunch supporter of Ukraine since Russia’s full-scale invasion of the country, handing over large numbers of its own tanks, fighter jets and other equipment. It has also been a hub for most of the Western weapons going to Ukraine.
https://apnews.com/article/biden-poland-billions-aid-ukraine-defense-russia-97997918fcd951ac4164862a1fc18098
The Biden administration announced Monday that it is offering a $2 billion loan to Poland, which has been a hub for weapons going into Ukraine, to support the ally’s defense modernization.
The State Department said in a statement that Poland is a “stalwart” ally of the U.S. whose “security is vital to the collective defense” of NATO ’s eastern flank, and that such funding is reserved for Washington’s most important security partners.
The U.S. government is also providing Warsaw up to $60 million for the cost of the loan in Foreign Military Financing (FMF) which would support “urgent procurements of defense articles and services from the United States,” the State Department said. The $60 million is a loan subsidy meant to ensure that Warsaw can secure favorable terms for the loan.
Poland has been a staunch supporter of Ukraine since Russia’s full-scale invasion of the country, handing over large numbers of its own tanks, fighter jets and other equipment. It has also been a hub for most of the Western weapons going to Ukraine.
Makes sense as Poland is NATO'S eastern bulwark.
7 replies
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