国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Americas

US faces substantial losses if Egypt aid halted

Agencies | Updated: 2013-09-05 10:17

WASHINGTON - The US government faces billions of dollars in potential costs if it decides to cancel foreign military aid to Egypt, a senior Pentagon official told Reuters on Wednesday.

Richard Genaille, deputy director of the Pentagon's Defense Security Cooperation Agency, said he hoped the Obama administration reached a decision soon on whether to continue $1.23 billion in US military assistance to Egypt, given the large number of weapons shipments in the pipeline.

"We're kind of antsy about that," Genaille said after a speech at the ComDef industry conference in Washington. "There's a whole bunch of contracts out there. The bills keep coming in and we've got to be able to pay them somehow otherwise we go in default."

Washington is reviewing the US military aid to Egypt and an additional $241 million in economic aid after the country's military ousted the Muslim Brotherhood-backed government on July 3 and then cracked down on protesters last month.

Washington has already halted deliveries of four F-16 fighters built by Lockheed Martin Corp, and must decide soon on several other large weapons shipments, according to US government officials. Some smaller items covered by the foreign military assistance have been allowed to proceed.

Funding for the weapons sales must be finalized or "obligated" by Sept 30, when the US government's 2013 fiscal year ends, or the funds will revert to the US Treasury, officials say.

"We're kind of hoping that sometime pretty soon they'll make a decision one way or another - either we terminate or they actually give us some more of the Egyptian (foreign military funding) so we can pay the bills," Genaille said.

He said the administration was trying to sort through the potential costs associated with terminating contracts, but the amount would be "substantial - in the billions."

Other US officials have said potential costs of ending the contracts can include penalty payments the US government would be liable to pay to the defense contractors for cancelling them as well as the costs associated with winding down the programs.

When the Obama administration decided last year to continue military aid to Egypt despite its failure to meet pro-democracy goals, US officials cited as one of their reasons the fact that the termination costs could have exceeded $2 billion.

The US government's foreign military sales contracts with Egypt include a clause that requires the Egyptian government to accept responsibility for the cost of those weapons even if it does not receive US foreign military funding.

Despite that, analysts and former senior officials have said the US government could face $2 billion to $3 billion in bills if it terminates aid to Egypt completely.

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
牡丹江市| 扎赉特旗| 甘南县| 炉霍县| 北川| 咸阳市| 宜良县| 株洲县| 宁阳县| 建宁县| 齐齐哈尔市| 始兴县| 长泰县| 阜平县| 延安市| 阳春市| 遂昌县| 手机| 邵东县| 磐石市| 云南省| 涟源市| 台安县| 平塘县| 颍上县| 临潭县| 吉安县| 子洲县| 平阳县| 大邑县| 岢岚县| 遂平县| 伊宁市| 溧水县| 遂溪县| 刚察县| 景德镇市| 合水县| 二连浩特市| 独山县| 深水埗区|