Israel, US Discuss New Long-Term Military Assistance Arrangement
News originally published by
MENAFNIsrael is reportedly aiming to conclude the negotiations before the newly elected US Congress begins its term in January, amid concerns that political changes could create obstacles to maintaining the existing assistance framework.
The discussions follow the Nov. 3 midterm elections, in which the Democratic Party secured control of Congress from US President Donald Trump's Republican Party.
The proposed arrangement also comes amid indications that American military support will not be withdrawn immediately, despite Trump's earlier statements suggesting otherwise.
Under the reported terms, direct US military assistance could be reduced by almost 50%, with the traditional 10-year agreement being shortened to five years when the current arrangement expires in 2028.
Direct military funding would then be discontinued entirely after the additional five-year period, according to the reports.
However, Washington is expected to expand financial support for joint projects involving the development of air and missile defense capabilities. Annual funding, currently standing at $500 million, could increase under the proposed arrangement, although no new figure has been disclosed.
Successive US administrations have maintained extensive military, economic and diplomatic support for Israel over the years.
Washington has also continued providing significant military and diplomatic backing to Israel throughout its war on Gaza, which began in October 2023.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.