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Netanyahu: ‘Historic’ US-Israel Military Aid Deal Shows ‘Great Friendship’

© Sputnik / Sergey Guneev / Go to the photo bankIsraeli Prime Minister Benjamin Netanyahu during a joint news conference with Russian President Vladimir Putin in the Kremlin
Israeli Prime Minister Benjamin Netanyahu during a joint news conference with Russian President Vladimir Putin in the Kremlin - Sputnik International
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Israeli PM Benjamin Netanyahu has hailed the US-Israel $38 billion security assistance memorandum of understanding (MOU) as a "historic" defense aid package that demonstrates the power of US-Israeli friendship.

Israeli Defense Minister Moshe Yaalon raised concerns that the United States' move to supply various Gulf Arab states with arms as a counterweight to Iran could weaken Israel's own US-backed regional military dominance. - Sputnik International
US, Israel Agree Huge, Record-Breaking (and Illegal) Military Aid Deal
TEL AVIV (Sputnik) – "This agreement demonstrates the simple truth that the relationship between Israel and the US is strong and powerful," Netanyahu said on Wednesday, as quoted by The Times of Israel, stressing that the deal "is the largest military aid package the US has ever given out to any nation."

On Wednesday, US State Department Under Secretary for Political Affairs Thomas Shannon and the head of Israel’s National Security Council, Yaakov Nagel, signed the agreement, which consists of $33 billion in foreign military financing and $5 billion in missile defense.

"I want to thank President Obama and his administration for this historic agreement," Netanyahu said, adding that the deal will help Israel "continue building our armed forces, improve our missile defense systems."

The new US-Israel MOU on security assistance will be effective for fiscal years 2019 through 2028, according to the US State Department.

The current agreement, which expires at the end of 2018, totaled $3 billion annually before additional US Congress allocations. Netanyahu had sought a deal totaling $45 billion over ten years.

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