Wednesday, March 3, 2021

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Staggering $38 Billion Defence Assistance To Israel by US

The US continues to be the greatest ally of Israel. Recently, the U.S. Congress passed a measure that would codify into law the $38 billion defence package for Israel over 10 years that was negotiated during the Obama administration. 

The U.S.-Israel Security Assistance Authorization Act of 2018 gives the defence package the approval of Congress, which would keep any future president from renegotiating. The $38 billion deal is by far the most magnanimous deals ever granted to Israel. The Senate approved the allocation of funds in early August, and now the document must be signed by US President Donald Trump.

The US and Israel signed an agreement in September 2016 to give Israel $38 billion in defence assistance over the next decade, the largest such aid package in U.S. history but one that included concessions by Israel’s government.

The assistance will provide about $3.8 billion a year over the next decade to Israel, already the largest recipient of US financial aid, including financing for missile defence systems that defend against rockets fired by terrorist groups. Under a previous 10-year agreement that expires in 2018, the United States provides about $3 billion a year, but lately, Congress has added up to $800 million a year for missile defence.

More News at EurAsian Times



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