pledges

Dec. 29 (UPI) — The United States has pledged to contribute $2 billion to U.N. humanitarian efforts, slashing its funding to about one-fifth of its average annual financial commitment over the past decade, the U.S. State Department announced Monday.

The memorandum of understanding makes good on President Donald Trump‘s promises to dramatically reduce the amount of the United States’ foreign aid and save taxpayers’ money.

“The United States remains the most generous nation in the world for lifesaving humanitarian assistance — but under @POTUS’s leadership taxpayer dollars will never fund waste, anti-Americanism, or inefficiency,” Secretary of State Marco Rubio said in a post on X.

“This new model will better share the burden of U.N. humanitarian work with other developed countries and will require the U.N. to cut bloat, remove duplication, and commit to powerful new impact, accountability and oversight mechanisms.”

In addition to reducing funding, the agreement narrows what countries and projects benefit from the U.S. aid. The $2 billion will go into a fund administered by the U.N. Office for the Coordination of Humanitarian Affairs. Among the areas not receiving any of the U.S. funding are Gaza, Yemen and Afghanistan.

“These agreements will focus funding on hyper-prioritized life-saving activities; provide for powerful new impact, accountability, and oversight mechanisms; enhance the efficiency and flexibility of humanitarian operations; and better share the burden of humanitarian work across major donors,” a release from the U.S. State Department said.

Tom Fletcher, the U.N. under-secretary-general for Humanitarian Affairs and coordinator for Emergency Relief, offered his thanks to the United States for the commitment as “a powerful act of leadership and generosity that will help save millions of lives.”

“At a moment of immense global strain, the United States is demonstrating that it is a humanitarian superpower, offering hope to people who have lost everything.”

The newly announced funding, though, is a dramatic decrease from annual U.S. contributions over the past decade — from $6.5 billion in 2017 to a high of $17.25 billion in 2022. The average yearly contribution over the decade ending in 2024 was around $10 billion, five times the size of the funding announced Monday, according to data on the OCHA’s Financial Tracking Service.

This reduction in U.S. aid comes weeks after the United Nations launched an appeal to raise $33 billion to support operations for 2026. OCHA said the total would provide aid to 135 million people in 23 countries, and six projects serving refugees and migrants.

“The highly prioritized appeal follows a year when humanitarian lifelines strained and, in some places, snapped due to brutal funding cuts,” a release from the OCHA on Dec. 7 said.

“Funding for the appeal in 2025 — $12 billion — was the lowest in a decade and humanitarians reached 25 million less people than in 2024. The consequences were immediate: Hunger surged, health systems came under crushing strain, education fell away, mine clearance stalled and families faced blow after blow: no shelter, no cash assistance, no protection services.”

GENEVA — The United States on Monday announced a $2-billion pledge for U.N. humanitarian aid as President Trump’s administration slashes U.S. foreign assistance and warns United Nations agencies to “adapt, shrink or die” in a time of new financial realities.

The money is a small fraction of what the U.S. has contributed in the past but reflects what the administration believes is still a generous amount that will maintain America’s status as the world’s largest humanitarian donor.

“This new model will better share the burden of U.N. humanitarian work with other developed countries and will require the U.N. to cut bloat, remove duplication, and commit to powerful new impact, accountability and oversight mechanisms,” Secretary of State Marco Rubio said on social media.

The pledge creates an umbrella fund from which money will be doled out to agencies and priorities, a key part of U.S. demands for drastic changes across the U.N. that have alarmed many humanitarian workers and led to severe reductions in programs and services.

The $2 billion is only a sliver of traditional U.S. humanitarian funding for U.N.-coordinated programs, which has run as high as $17 billion annually in recent years, according to U.N. data. U.S. officials say only $8 billion to $10 billion of that has been in voluntary contributions. The United States also pays billions in annual dues related to its U.N. membership.

“The piggy bank is not open to organizations that just want to return to the old system,” Jeremy Lewin, the State Department official in charge of foreign assistance, said at a press conference Monday in Geneva. “President Trump has made clear that the system is dead.”

The State Department said “individual U.N. agencies will need to adapt, shrink, or die.” Critics say the Western aid cutbacks have been shortsighted, driven millions toward hunger, displacement or disease, and harmed U.S. soft power around the world.

A year of crisis in aid

The move caps a crisis year for many U.N. organizations, including its refugee, migration and food aid agencies. The Trump administration has already cut billions in U.S. foreign aid, prompting the agencies to slash spending, aid projects and thousands of jobs. Other traditional Western donors have reduced outlays, too.

The U.S. pledge for aid programs of the United Nations — the world’s top provider of humanitarian assistance and biggest recipient of U.S. humanitarian aid money — takes shape in a preliminary deal with the U.N. Office for the Coordination of Humanitarian Affairs, or OCHA, run by Tom Fletcher, a former British diplomat and government official.

Fletcher, who has spent the past year lobbying U.S. officials not to abandon U.N. funding altogether, appeared optimistic at the deal’s signing in Geneva.

“It’s a very, very significant landmark contribution. And a month ago, I would have anticipated the number would have been zero,” he told reporters. “And so I think, before worrying about what we haven’t got, I’d like to look at the millions of people whose lives will be saved, whose lives will be better because of this contribution, and start there.”

Even as the U.S. pulls back its aid contributions, needs have ballooned worldwide: Famine has been recorded this year in parts of conflict-ridden Sudan and Gaza, and floods, drought and natural disasters that many scientists attribute to climate change have taken many lives or driven thousands from their homes.

The cuts will have major implications for U.N. affiliates like the International Organization for Migration, the World Food Program and refugee agency UNHCR. They have already received billions less from the U.S. this year than under annual allocations from the Biden administration — or even during Trump’s first term.

Now, the idea is that Fletcher’s office — which has aimed to improve efficiency — will become a funnel for U.S. and other aid money that can be redirected to those agencies, rather than scattered U.S. contributions to a variety of individual appeals for aid.

Asked by reporters if the U.S. language of “adapt or die” worried him, Fletcher said, “If the choices are adapt or die, I choose adapt.”

U.S. seeks aid consolidation

U.S. officials say the $2 billion is just a first outlay to help fund OCHA’s annual appeal for money. Fletcher, noting the upended aid landscape, already slashed the request this year. Other traditional U.N. donors like Britain, France, Germany and Japan have reduced aid allocations and sought reforms this year.

“This humanitarian reset at the United Nations should deliver more aid with fewer tax dollars — providing more focused, results-driven assistance aligned with U.S foreign policy,” U.S. Ambassador to the United Nations Mike Waltz said.

At its core, the changes will help establish pools of funding that can be directed either to specific crises or countries in need. A total of 17 countries will be initially targeted, including Bangladesh, the Democratic Republic of the Congo, Haiti, Syria and Ukraine.

Two of the world’s most desperate countries, Afghanistan and Yemen, are not included, with U.S. officials citing aid diversion to the Taliban and Houthi rebels as concerns over restarting contributions.

Also not mentioned on the list are the Palestinian territories, which officials say will be covered by money stemming from Trump’s as-yet-incomplete Gaza peace plan.

The U.N. project, months in the making, stems from Trump’s longtime view that the world body has great promise but has failed to live up to it and has — in his eyes — drifted too far from its original mandate to save lives while undermining American interests, promoting radical ideologies and encouraging wasteful, unaccountable spending.

“No one wants to be an aid recipient. No one wants to be living in a UNHCR camp because they’ve been displaced by conflict,” Lewin said. “So the best thing that we can do to decrease costs, and President Trump recognizes this and that’s why he’s the president of peace, is by ending armed conflict and allowing communities to get back to peace and prosperity.”

Keaten and Lee write for the Associated Press. Lee reported from Washington. AP writer Farnoush Amiri contributed to this report from New York.

Billionaire Larry Ellison has stepped up, agreeing to personally guarantee part of Paramount’s bid for rival Warner Bros. Discovery.

Ellison’s personal guarantee of $40.4 billion in equity, disclosed Monday, ups the ante in the acrimonious auction for Warner Bros. movie and TV studios, HBO, CNN and Food Network.

Ellison, whose son David Ellison is chief executive of Paramount, agreed not to revoke the Ellison family trust or adversely transfer its assets while the transaction is pending. Paramount’s $30-a-share offer remains unchanged.

Warner Bros. Discovery’s board this month awarded the prize to Netflix. The board rejected Paramount’s $108.4-billion deal, largely over concerns about the perceived shakiness of Paramount’s financing.

Paramount shifted gears and launched a hostile takeover, appealing directly to Warner shareholders, offering them $30 a share.

“We amended this Offer to address Warner Bros. stated concerns regarding the Prior Proposal and the December 8 Offer,” Paramount said in a Monday Securities & Exchange Commission filing. “Mr. Larry Ellison is providing a personal guarantee of the Ellison Trust’s $40.4 billion funding obligation.”

The Ellison family acquired the controlling stake in Paramount in August. The family launched their pursuit of Warner Bros. in September but Warner’s board unanimously rejected six Paramount proposals.

Paramount started with a $19 a share bid for the entire company. Netflix has offered $27.75 a share and only wants the Burbank studios, HBO and the HBO Max streaming service. Paramount executives have held meetings with Warner investors in New York, where they echoed the proposal they’d submitted in the closing hours of last week’s auction.

On Monday, Paramount also agreed to increase the termination fee to $5.8 billion from $5 billion, matching the one that Netflix offered.

Warner Bros. board voted unanimously to accept Netflix’s $72-billion offer, citing Netflix’s stronger financial position, the board has said.

Three Middle Eastern sovereign wealth funds representing royal families in Saudi Arabia, Qatar and Abu Dhabi have agreed to provide $24 billion of the $40.4-billion equity component that Ellison is backing.

The Ellison family has agreed to cover $11.8-billion of that. Initially, Paramount’s bid included the private equity firm of Jared Kushner, Trump’s son-in-law, but Kushner withdrew his firm last week.

Paramount confirmed that the Ellison family trust owns about 1.16 billion shares of Oracle common stock and that all material liabilities are publicly disclosed.

“In an effort to address Warner Bros.’s amorphous need for ‘flexibility’ in interim operations, Paramount’s revised proposed merger agreement offers further improved flexibility to Warner Bros. on debt refinancing transactions, representations and interim operating covenants,” Paramount said in its statement.

Paramount has been aggressively pursuing Warner Bros. for months.

David Ellison was stunned earlier this month when the Warner Bros. board agreed to a deal with Netflix for $82.7 billion for the streaming and studio assets.

Paramount subsequently launched its hostile takeover offer in a direct appeal to shareholders. Warner Bros. board urged shareholders to reject Paramount’s offer, which includes $54 billion in debt commitments, deeming it “inferior” and “inadequate.” The board singled out what it viewed as uncertain financing and the risk implicit in a revocable trust that could cause Paramount to terminate the deal at any time.

Paramount, controlled by the Ellisons, is competing with the most valuable entertainment company in the world to acquire Warner Bros.

Executives from both Paramount and Netflix have argued that they would be the best owners and utilize the Warner Bros. library to boost their streaming operations.

In its letter to shareholders and a detailed 94-page regulatory filing last week, Warner Bros. hammered away at risks in the Paramount offer, including what the company described as the Ellison family’s failure to adequately backstop their equity commitment.

The equity is supported by “an unknown and opaque revocable trust,” the board said. The documents Paramount provided “contain gaps, loopholes and limitations that put you, our shareholders, and our company at risk.”

Netflix also announced Monday that it has refinanced part of a $59 billion bridge loan with cheaper and longer-term debt.

Bloomberg contributed to this report.

Dec. 20 (UPI) — Officials for the European Union have agreed to loan $105 billon to Ukraine to help it stay financially solvent over the next two years amid Russian attacks in the Odesa region.

The money is in lieu of an allocation to Ukraine from frozen Russian assets equal to nearly $246 billion and being held in Belgium, the BBC reported.

The funds are equal to about two-thirds of the amount that Ukraine will need to pay its bills and give it a stronger bargaining position as peace talks continue with the aim of ending the Ukraine War that started when Russia invaded its neighbor on Feb. 24, 2022, according to The New York Times.

Ukrainian President Volodymyr Zelensky said the loan is interest-free and only would be repaid if Russia were required to pay reparations to Ukraine.

News of the E.U. allocation comes after a Russian missile strike near Odesa that killed eight and injured 27 others on Friday night, CNN reported.

Russian missiles struck a port facility in Pivdenne, and some of those killed and wounded were on a bus that was struck during the attack.

The missile strikes were part of an ongoing aerial campaign against the Odesa region over the past nine days and caused a power outage in Odesa, which is located on the Black Sea and about 300 miles south of Kyiv.

Two bridges in southern and northern Odesa were knocked out in recent strikes and are being repaired.

Russian forces also are targeting the energy infrastructure in Ukraine and have used drones and missiles to damage or destroy many targets in recent months.