Ukraine to acquire US weapons through $3.5 billion fund
The weapons Ukraine hopes will help resist Russian invasion
- Ukrainian President Volodymyr Zelensky announced that Ukraine expects to receive approximately $3.5 billion by next month for a critical fund to procure US weapons.
- This funding, channelled through the Prioritized Ukraine Requirements List (PURL), consolidates contributions from NATO members (excluding the US) to acquire American-made military equipment, including Patriot missiles and HIMARS munitions.
- Separately, a US-Ukraine fund designed to stimulate investments in Ukraine's mineral sector is launching with $150 million in seed capital, equally contributed by the US and Ukraine.
- The mineral fund will initially focus on energy, infrastructure, and critical mineral projects, with a goal of financing three projects by the end of 2026.
- Meanwhile, Russia reiterated its readiness for peace talks, despite ongoing aerial attacks causing disruption to Ukrainian rail and power services.