Israel is preparing for talks with the Trump administration on a new 10-year security deal, seeking to extend US military support even as Israeli leaders signal they are planning for a future with reduced American cash grants, the Financial Times reported on Tuesday.
Gil Pinchas, speaking to the FT before stepping down as chief financial adviser to Israel’s military and defense ministry, said Israel would seek to prioritize joint military and defense projects over cash handouts in talks that he expected to take place in the coming weeks.
The US State Department did not immediately respond to a Reuters request for comment outside regular business hours.
“The partnership is more important than just the net financial issue in this context ... there are a lot of things that are equal to money,” Pinchas told the FT. “The view of this needs to be wider.”
Pinchas said pure financial support — or “free money” — worth $3.3 billion a year, which Israel can use to purchase US weapons, was “one component of the MOU (that) could decrease gradually.”
In 2016, the US and Israeli governments signed a memorandum of understanding for the 10 years through September 2028 that provides $38 billion in military aid, $33 billion in grants to buy military equipment and $5 billion for missile defense systems.
Earlier this month, Israeli Prime Minister Benjamin Netanyahu said he hoped to “taper off” Israeli dependence on US military aid in the next decade.
Israel to seek new security deal with the US, FT reports
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Israel to seek new security deal with the US, FT reports
Ukraine, Russia exchange POWs for first time in months
- The two sides have in the past conducted several rounds of prisoner swaps
- “Today’s exchange came after a long pause, and it is critical that we were able to make it happen,” Zelensky said
KYIV: Ukraine and Russia have conducted their first prisoner exchange in months, each releasing at least 157 people, both countries said Thursday, amid US-brokered talks in Abu Dhabi aimed at ending the war.
The two sides have in the past conducted several rounds of prisoner swaps, one of the rare areas of direct cooperation between Ukraine and Russia amid the four-year war, but last month Kyiv accused Moscow of halting the exchanges.
On Thursday, amid three-way talks in Abu Dhabi, the countries swapped 157 captured soldiers and civilians each in an exchange mediated by Washington — the first since October.
“Today’s exchange came after a long pause, and it is critical that we were able to make it happen. I thank everyone who works to make these exchanges possible,” Ukrainian President Volodymyr Zelensky said on social media.
Images he posted showed the released prisoners, their heads freshly shaven, wrapped in Ukrainian flags and smiling amid falling snow.
Ukrainian Ombudsman Dmytro Lubinets said among the 157 Ukrainians released “are seven civilians and those whom the Russians unlawfully convicted.”
Zelensky’s aide Kyrylo Budanov said that in the group of the freed prisoners were 19 Ukrainians “who were illegally sentenced, 15 of them to life imprisonment.”
Russia, who said the United States and United Arab Emirates acted as mediators for the exchange, announced earlier it had handed over 157 Ukrainian soldiers and that 157 Russian servicemen were returned.
“In addition, three Russian citizens, residents of the Kursk region... will be returned home,” the Russian defense ministry said in a statement.
Ukrainian forces launched a surprise incursion into Russia’s western Kursk region in 2024.
