Tuesday, March 4, 2025

Tag: US Announces $2 Billion Loan for Poland to Spend on Military

US Announces $2 Billion Loan for Poland to Spend on Military

by Dave DeCamp, Activist Post:

The Biden administration on Monday announced a $2 billion loan for Poland that will go toward modernizing Warsaw’s military.

“Today, the United States is proud to announce the signing of a milestone $2 billion Foreign Military Financing (FMF) direct loan agreement to support Poland’s defense modernization,” the State Department said in a press release.

The State Department said the US would also provide $60 million in FMF funds to cover the cost of the loan. The press release described Warsaw as a “stalwart US ally” as Poland has become a major hub for arms shipments to Ukraine and spends more on its military than most European NATO members.