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$920 Million U.S.-Romania Foreign Military Financing Direct Loan Strengthens NATO [ https://www.state.gov/920-million-u-s-romania-foreign-military-financing-direct-loan-strengthens-nato/ ] 09/25/2024 03:34 PM EDT
Matthew Miller, Department Spokesperson
The United States announcing a new $920 million Foreign Military Financing (FMF) direct loan to Romania today.
Romania is a valued U.S. partner and Ally, and this significant loan agreement will further strengthen NATO’s Eastern Flank.  Romania is undertaking a major military modernization program, including purchases of U.S. defense equipment such as Abrams main battle tanks and coproduction of ammunition.  Romania is a leader in NATO, working closely with Allies to advance Black Sea security and providing critical assistance to Ukraine, including the transfer of a Patriot strategic air defense system and training Ukrainian F-16 pilots.
The U.S. government is providing $60 million in FMF grant funding for the cost of this loan, which will help accelerate Romania’s defense modernization by supporting urgent procurements of defense articles and services from the United States.
FMF direct loans are a security cooperation tool reserved for some of our most important partners.  Loan proceeds will further advance Romania’s military modernization effort across a wide range of capabilities, substantially contributing to strengthening the defense and deterrence of NATO’s Eastern Flank.  Today’s agreement further solidifies our unwavering commitment to enhancing NATO’s eastern flank.
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