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U.S. OKs New $920 Million Foreign Military Financing Loan To Romania

Matthew Beinart By
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U.S. OKs New $920 Million Foreign Military Financing Loan To Romania
n M1A2 Abrams tank sits at the railhead of Mihail Kogalniceanu Airbase, Romania, Feb. 14, 2017. Photo by Spc. Devone Collins. 24th Theater Public Affairs Support Element

The U.S. will provide Romania with a new $920 million Foreign Military Financing (FMF) loan to help the NATO ally purchase defense items, the State Department said on Wednesday. The State Department said the FMF direct loan will support Romania as it undertakes a “major military modernization program,” to include purchases of U.S.-made Abrams tanks and planned ammunition co-production efforts. “Romania is a valued U.S. partner and Ally, and this significant loan agreement will further strengthen NATO’s Eastern Flank,” the…

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