Important Takeaways:

• U.S. President Joe Biden announced more than $8 billion in military assistance for Ukraine on Thursday to help Kyiv “win this war” against Russian invaders, using a visit by President Volodymyr Zelenskiy to make a major commitment.
• The aid includes the first shipment of a precision-guided glide bomb called the Joint Standoff Weapon, with a range of up to 81 miles (130 km).
• The bulk of the new aid, $5.5 billion, is to be allocated before Monday’s end of the U.S. fiscal year, when the funding authority is set to expire.
• Another $2.4 billion is under the Ukraine Security Assistance Initiative, which allows the administration to buy weapons for Ukraine from companies rather than pull them from U.S. stocks.

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