WASHINGTON — The Biden administration announced Monday that it is offering a $2 billion loan to Poland, which has been a hub for weapons going into Ukraine, to support the ally's defense modernization.
The U.S. government is also providing Warsaw up to $60 million for the cost of the loan in Foreign Military Financing which would support “urgent procurements of defense articles and services from the United States,” the State Department said. The $60 million is a loan subsidy meant to ensure that Warsaw can secure favorable terms for the loan.
It has been undergoing a process of modernization to replace what it gave away, much of which was based on old Soviet technology, putting in orders with U.S. and South Korean defense companies.
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