Wednesday, October 09, 2013

US suspends hundreds of millions in military aid to Egypt



(RT) The United States has suspended a large part of its military and other cash aid to Egypt, the State Department said. The US has put on hold delivery of “large scale” military systems, such as tanks, F-16 jets and Apache helicopters, a source told Reuters.

In a press release, the US State Department said that as a result of the review directed by President Obama the decision has been made to “recalibrate” assistance to Egypt to best advance mutual interests. The US will still provide military training and education as well as assist with counter terrorism and help securing the Sinai.

“We will, however, continue to hold the delivery of certain large-scale military systems and cash assistance to the government pending credible progress toward an inclusive, democratically elected civilian government through free and fair elections,” the release says.

The Congressional source spoke with Reuters after members of Congress were briefed by US State Department officials about the administration's plans to cut off part of the massive aid package to Egypt. Besides heavy military equipment supplies the US is also cancelling the delivery of Harpoon missiles.

A planned $300 million loan guarantee for Egypt will be halted, as well as a pending $260 million cash transfer, the source added.

Read full article here.

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