US Announces Sale of Lethal Aid to Ukraine

US Announces Sale of Lethal Aid to Ukraine

Editor: Philip Ragner | Tactical Investor

We cover multiple arrays of topics for one simple reason. The world is interconnected, and it is not only financial factors that drive the markets. Geopolitics is another major driving force behind the markets. Crowd Psychology dictates that if you focus on the tree, you will forget that the tree is part of a forest and in doing so you will miss the bigger picture. For example, George Soros is behind the surge in fake stories, the massive Anti-Trump riots and the funding of plethora of revolutions that seek to change the existing regime.  Having the ability to cross analyse multiple factors with an open mind provides you with a much clearer picture of what to expect from the financial markets. On that note, we think you might find the following story of interest:

Despite the heavy beating Bitcoin has taken, the sentiment has not turned bearish, and there are still have too many articles being published on a weekly basis claiming that Bitcoin is going to surge to 100K and beyond.Do these experts ever bother to look at the charts before issuing such targets or do they do so after ingesting some toxic substance? We will never know the answer to that question, but what we do know is that in most cases they have no idea of how high or low the market is going to go.  Is the Bitcoin Bull Market dead or just taking a breather?

The U.S. State Department has approved the sale of anti-tank missiles to Ukraine, the first lethal weaponry the U.S. has sold to Ukraine since Russia’s invasion of Crimea in 2014.

The State Department formally approved the sale Thursday of 210 Javelin anti-tank missiles to Ukraine, in a move long expected to upset Russia.

The Defense Security Cooperation Agency, part of the U.S. Department of Defense, said Ukraine has asked to buy the missiles and 37 launchers, at a cost of around $47 million.

Kyiv has been asking Washington for lethal military aid since the Russian invasion, but the Obama administration offered only training and support equipment rather than contribute to escalated violence.

Late last year, President Donald Trump indicated he would be agreeable to moving forward with the sale of Javelin missiles to Kyiv.

Congress must sign off on the sale before the deal can be made complete, which means the dollar figure and progress of the sale could change. But so far, lawmakers have indicated widespread support for the move. The 2018 defense policy budget allows for increased funding to support Ukraine. Full Story

 

The sale marks a significant increase in U.S. military support for Ukraine — the first lethal weapons sale of its kind since Russian-backed separatists launched a war against the central government in Ukraine’s eastern provinces.

ABC News first broke news of the sale in December when President Trump approved the plan and began informal notifications with Congress about it. With Thursday’s formal notification, Congress now has 30 days to sink the deal or it will go through, which is expected.
“There is what I view as an artificial distinction between lethal and non-lethal military equipment,” Ambassador Kurt Volker said in Washington on Monday, comparing anti-tank missiles to a counter-battery radar that improves targeting to attack and kill an enemy firing mortars. “That’s non-lethal and an anti-tank missile, which sits in a box and doesn’t get used unless you have a tank coming at you, is lethal. Both are clearly defensive weapons.”

The sale is intended to boost Ukrainian military forces as they continue to fight Russian-backed separatists, according to U.S. officials, who argue the U.S. is only supporting Ukraine’s right to self-defense. Full Story

 

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