President Joe Biden has announced that the United States would be delivering 31 Abrams Tanks to Ukraine as the country heads into a new phase of its war against Russia.
“With spring approaching, the Ukrainian forces are working to defend the territory they hold and preparing for additional counter-offensive,” President Biden said. “To liberate their land, they need to be able to counter Russia’s evolving tactics and strategy on the battlefield in the very near term.”
Biden explained that the tanks are some of the “most capable in the world,” they would improve Ukraine’s ability to fight in open terrain, and give them “an enduring capability to deter and defend against Russian aggression.”
The announcement was accompanied by Germany’s decision to send 14 Leopard 2 A6 tanks to the nation as well.
“Germany supports Ukraine in defending against Russia’s aggression,” German Chancellor Olaf Scholz said Wednesday. “We are supplying Leopard 2 tanks in close cooperation with our international partners.”
Ukrainian President Volodymr Zelenskyy expressed gratitude to the Biden administration following Wednesday’s announcement.
“It’s an important step on the path to victory,” Zelenskyy said on Twitter. “Today the free world is united as never before for a common goal — liberation of Ukraine.”
However, it will likely be months before any tanks are delivered to the front and Ukrainian troops get fully trained to use the complex weapons.
These are the headlines you Need 2 Know for Monday, March 2, 2020.
Democrat Pete Buttigieg is ending his campaign for president, the Associated Press is reporting.
Joe Biden scored a convincing victory in South Carolina’s Democratic primary on Saturday, riding a wave of African American support and ending progressive rival Bernie Sanders’ winning streak.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks sank again after another wild day, extending a rout that left the market with its worst week since October 2008. Major indexes clawed back much of their intraday losses in the last 15 minutes. Bond prices soared as investors sought safety, pushing yields to record lows.
The World Health Organization raised its threat assessment Friday saying the global risk of the novel COVID-19 is now "very high," the director-general told reporters, even as the White House continues to downplay the potential impact of the coronavirus in the U.S.
Federal Reserve Chairman Jerome Powell pledged that the Fed will "use our tools" to support the economy, a strong signal of a likely rate cut, perhaps at its next meeting March 17-18.
The report from China Beige Book, an economic forecasting firm that surveyed more than 1,400 companies, shows an economy reeling from shutdowns and quarantines.
These are the headlines you Need 2 Know for Friday, February 28, 2020.
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
