US President Joe Biden introduced Thursday he has signed a $33 billion request for supplemental funding for Ukraine from Congress as Russia’s invasion takes on a brand new, crucial section.
The funding request is predicted to assist Ukraine by way of this fiscal 12 months, or about 5 months, and consists of $20.four billion in navy help.
Biden framed the huge request as crucial for world stability.
He referred to as on Congress to approve the funding “as shortly as attainable.”
He reiterated that he wouldn’t ship US troops to Ukraine and stated that the US is “not attacking Russia,” however is as a substitute, “serving to Ukraine defend itself towards Russian aggression,” casting blame on Russian President Vladimir Putin.
“Russia is the aggressor, no ifs, ands, or buts about it. Russia is the aggressor, and the world should and can maintain Russia accountable,” he stated.
Biden ticked by way of a number of the provisions within the $33 billion request, together with:
- $20.four billion requested for navy and safety help
- $8.5 billion in financial help for the Ukrainian authorities and folks
- $three billion shall be allotted for extra humanitarian help and meals safety funding, and focused funding to handle financial disruptions
He additionally detailed new proposed laws to carry Russian oligarchs to account.
Whereas members have agreed that extra money for Ukraine is critical, it’s nonetheless not clear how the supplemental would transfer swiftly by way of Congress neither is it clear how shortly this proposal on oligarchs may transfer. A probable path can be to tie the 2 items of laws collectively, however Republican and Democratic leaders are within the early levels of talks on how one can cross the broader funding for Ukraine.
The President additionally reacted to information earlier this week that Russia halted fuel provides to Poland and Bulgaria after each international locations refused to pay in rubles, injecting extra uncertainty into the already-unstable world oil markets rocked by the battle.
“Let me be clear, we won’t let Russia intimidate or blackmail their means out of those sanctions. We won’t permit them to make use of their oil and fuel to keep away from penalties. We’re working with different nations like Korea, Japan, Qatar and others to assist our effort to assist European allies threatened by Russia with fuel blackmail, and their power wants in different methods,” he stated.
Learn extra concerning the proposal right here.