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U.S. to Send $2.5 Billion in Military and Economic Aid to Ukraine

President Joe Biden announced on Monday that the United States will provide an additional $2.5 billion in military and economic assistance to Ukraine as part of the ongoing effort to bolster its defense against Russia. The new aid package comes as the Biden administration races to use available funds before President-elect Donald Trump takes office on January 20.

The military aid includes $1.25 billion in presidential drawdown authority, which allows the U.S. military to quickly supply weapons directly from its existing stockpiles. The package also includes $1.22 billion in longer-term assistance through the Ukraine Security Assistance Initiative (USAI), which places contracts for weapons and equipment to be delivered over time.

Biden emphasized his commitment to supporting Ukraine, stating, “I’ve directed my administration to continue surging as much assistance to Ukraine as quickly as possible. At my direction, the United States will continue to work relentlessly to strengthen Ukraine’s position in this war over the remainder of my time in office.”

In addition to military support, U.S. Treasury Secretary Janet Yellen announced $3.4 billion in economic aid for Ukraine. This funding is aimed at ensuring Ukraine can continue to provide critical government services, including paying salaries for civilian government workers, healthcare employees, and first responders amid the ongoing conflict with Russia.

The new military aid comes as Russia has intensified its attacks on Ukraine’s energy infrastructure, targeting power facilities with missile and drone strikes. Despite the attacks, Ukraine has reported intercepting a significant number of the incoming projectiles. Meanwhile, fighting continues in the Russian border region of Kursk, where both Russian and Ukrainian forces remain engaged in a bitter struggle, with Russia reportedly deploying North Korean troops to help reclaim territory.

The Biden administration is working to secure Ukraine’s position before Trump’s inauguration, with many leaders expressing concern about his rhetoric on potential negotiations between Ukraine and Russia. Trump has called for a negotiated settlement and has previously praised Russian President Vladimir Putin, raising fears among U.S. and European officials that a potential settlement could be unfavorable for Ukraine. There is also worry that Trump may not provide the full level of military support previously authorized by Congress.

The latest weapons package includes a variety of systems such as counter-unmanned aerial systems, air defense munitions, ammunition for High Mobility Artillery Rocket Systems (HIMARS), artillery rounds, anti-armor systems, and more.

With this latest aid, the U.S. has now provided over $65 billion in security assistance to Ukraine since Russia’s invasion in February 2022.

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Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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