Biden administration proceeding with $23 billion weapon sales to UAE
- Wall Street set to slip at open after strong rebound
- AT&T (T) to Merge Media Assets with Discovery (DISCA) in Blockbuster Deal, Valuation Estimated at $150 Billion
- Bitcoin (BTC) Hits 3-Month Lows Before Bouncing as Musk Confirms Tesla Has Not Sold Any BTC
- Bill Gates Left Microsoft (MSFT) Board Amid Probe Into 'Intimate Relationship': WSJ
- Oil prices dip but recovery confidence limits fall
FILE PHOTO: U.S. President Joe Biden holds first Cabinet meeting at the White House in Washington, U.S., April 1, 2021. REUTERS/Tom Brenner
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
By Patricia Zengerle
WASHINGTON (Reuters) - U.S. President Joe Biden's administration has told Congress it is proceeding with more than $23 billion in weapons sales to the United Arab Emirates, including advanced F-35 aircraft, armed drones and other equipment, congressional aides said on Tuesday.
A State Department spokesperson said the administration would move forward with the proposed sales to the UAE, "even as we continue reviewing details and consulting with Emirati officials" related to the use of the weapons.
The Democratic president's administration had paused the deals agreed to by former Republican President Donald Trump in order to review them. The sales to the Gulf nation were finalized right before Trump left office.
The Trump administration told Congress in November it had approved the U.S. sale to the UAE as a side deal to the Abraham Accords, a U.S.-brokered agreement in September in which the UAE agreed to normalize relations with Israel.
In the last months of the Trump administration, Israel reached deals with the UAE, Bahrain, Sudan and Morocco as part of the accords.
The $23.37 billion package contained products from General Atomics, Lockheed Martin Corp and Raytheon Technologies Corp, including 50 F-35 Lighting II aircraft, up to 18 MQ-9B Unmanned Aerial Systems and a package of air-to-air and air-to-ground munitions.
Some U.S. lawmakers have criticized the UAE for its involvement in the war in Yemen, a conflict considered one of the world's worst humanitarian disasters, and worried that the weapons transfers might violate U.S. guarantees that Israel will retain a military advantage in the region.
Israel said it did not object to the sales.
A legislative effort to stop the sales failed in December, as Trump's fellow Republicans in Congress backed his plans.
The Trump administration then finalized the massive sale to the UAE on Jan. 20, about an hour before Biden was sworn in as president.
The Biden administration announced the review in late January and the UAE said then it had anticipated the review and welcomed joint efforts to de-escalate tensions and for renewed regional dialogue.
The State Department spokesperson said on Tuesday the estimated delivery dates on the UAE sales, if implemented, were for after 2025 or later.
The government anticipated "a robust and sustained dialogue with the UAE" to ensure a stronger security partnership, the spokesperson said in an emailed statement.
"We will also continue to reinforce with the UAE and all recipients of U.S. defense articles and services that U.S.-origin defense equipment must be adequately secured and used in a manner that respects human rights and fully complies with the laws of armed conflict," the statement said.
The Biden administration is also reviewing its policy for military sales to Saudi Arabia, including some Trump-era weapons deals, in light of the Saudi involvement in Yemen and other human rights concerns.
It has not released the results of that review. In February, U.S. officials told Reuters the administration was considering cancelling past deals that posed human rights concerns and limiting future sales to "defensive" weapons.
(Reporting by Patricia Zengerle, additional reporting by Mike Stone; Editing by Mary Milliken, Grant McCool and Rosalba O'Brien)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Going home: COVID sparks Chinese exodus from Italian textile town
- Canada home sales, average price decline in April from March
- Citi promotes Gutiérrez-Orrantia to head EMEA banking, capital markets and advisory -memo
Create E-mail Alert Related CategoriesReuters
Related EntitiesDonald J. Trump
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!