The Biden administration will announce the funding, which will come through the Ukraine Security Assistance Initiative, the report said on Thursday evening, citing a US official.
Funds from the Ukraine Security Assistance Initiative are used to make new purchases and contracts with the defense industry and not procure equipment from existing US stocks.
The announcement will coincide with the one-year anniversary of Russia's special military operation in Ukraine, launched to demilitarize and denazify territories targeted by the regime in Kiev.
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