Skip to content

Ukraine Latest: US Vows New Military Aid; Kyiv Economic Struggle

Bloomberg business news
WATCH: The move by Russia to shut down Nord Stream left just one major route to deliver natural gas straight to Europe through a pipeline in Ukraine that looks increasingly vulnerable. Stephen Stapczynski reports .Source: Bloomberg
Updated on

President Joe Biden held a video call Thursday with allies including leaders of the Group of Seven nations, the NATO military alliance, and the European Union. The talks, focusing in part on ways to bolster Europe’s energy supplies, came on a day when Washington announced more than $2.8 billion in additional aid for Ukraine and its neighbors and US Secretary of State Antony Blinken made a visit to Kyiv.  

The Pentagon has sent Ukraine its most accurate artillery shell, the GPS-guided Excalibur, according to budget documents. A plan to replenish the US stock of Excaliburs acknowledges for the first time that the Pentagon has been supplying Ukrainian forces with the shell.