Important Takeaways:

• President Joe Biden said Monday that the United States will send nearly $2.5 billion more in weapons to Ukraine as his administration works quickly to spend all the money it has available to help Kyiv fight off Russia before President-elect Donald Trump takes office.
• The package includes $1.25 billion in presidential drawdown authority, which allows the military to pull existing stock from its shelves and gets weapons to the battlefield faster. It also has $1.22 billion in longer-term weapons packages to be put on contract through the separate Ukraine Security Assistance Initiative, or USAI.
• Biden said all longer-term USAI funds have now been spent and that he seeks to fully use all the remaining drawdown money before leaving office.

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