Biden to Sign Agreement to Fund Ukraine’s War with Russia for Next 10 Years

Democrat President Joe Biden is planning to sign a massive 10-year “security agreement” with Ukraine.

The deal with see American taxpayers locked in to fund Ukraine’s endless war with Russia for at least another ten years.

The decade-long agreement was first discussed by Ukraine President Volodymyr Zelensky in April.

At the time, Zelensky said that the countries were working to ensure “specific levels of support for this year and for the next ten years, including armed support, financial, political, and joint arms production.”

Biden administration officials said the new agreement guarantees that the U.S. would continue supporting Ukraine even if President Donald Trump wins the 2024 election, The Washington Post reported.

Should Trump get sworn in for a second term in the White House, he would likely seek to end funding of the endless foreign war.

However, Trump would also likely move to end the war, rather than allow it to escalate.

On Wednesday, Biden’s National Security Adviser Jake Sullivan told reporters:

“We want to demonstrate that the U.S. supports the people of Ukraine, that we stand with them, and that we’ll continue to help address their security needs not just tomorrow but out into the future.”

The agreement does not specify an exact dollar amount the U.S. must send to Ukraine and doesn’t require American troops to be deployed to defend the country, according to the Post.

Officials did say, however, that the deal promises that the U.S. would hold high-level consultations with Kyiv within 24 hours if Ukraine is attacked again.

“If [Russian President] Vladimir Putin thinks that he can outlast the coalition supporting Ukraine, he’s wrong,” Sullivan added.

Sullivan made those comments on Air Force One as Biden flew to Italy for a meeting with Group of Seven (G7) leaders.

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The U.S. sends far more military support to Ukraine than any other country in the world.

In April, Congress passed another bipartisan foreign aid package that included another $61 billion for Kyiv as its war against Russia continues.

Fifteen other countries, including the U.K., France, Germany, and Italy, have signed bilateral agreements with Ukraine.

During the G7 meeting on Thursday, world leaders agreed to loan Ukraine $50 billion this year.

The funding will be backed by frozen Russian assets, ABC News reported.

Officials said those funds would be used to support Ukraine’s military, budget, humanitarian needs, and reconstruction.

“Ukraine is still going to have a large financial need next year and beyond and this summit is our best chance to act collectively to close the gap,” a senior Biden administration official said.

“This agreement is a signal from the leading democracies of the world that we’re not going to fatigue and defend Ukraine’s freedom and that Putin is not going to outlast us.”

The Biden official added that Russia is ultimately the country paying for the loan.

“Russia pays…the income comes from the interest stream on the immobilized asset,” the official said.

“The principal is untouched for now, but we have full optionality to seize the principal later if the political will is there.”

READ MORE – House Committee Subpoenas 15 Biden Officials over ‘Voter Mobilization Scheme’

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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