Business news from Ukraine

U.S. House of Representatives passed bill to provide assistance to Ukraine

21 April , 2024  

On Saturday, the U.S. House of Representatives (the lower house of the U.S. Congress) supported a bill to provide assistance to Ukraine. There were 311 votes in favor.
Next, the bill will be submitted to the upper house of the U.S. parliament, the Senate.
After that, it will be sent to the US President for signature. Once signed by the president, it will come into force.
The bill approved by the House of Representatives provides for the allocation of almost $61 billion for purposes related to support for Ukraine. Of this amount, $23.2 billion is intended to replenish the US arms stockpile.
Earlier it was reported that US President Joe Biden had a phone conversation with four congressional leaders, during which he emphasized the “urgent need” for the House of Representatives to pass a bill to help Israel and Ukraine.
In February, the Senate approved a $95 billion emergency spending package, including $60 billion to support Ukraine, as well as funds for Israel, Taiwan, and humanitarian aid to Palestinians in the Gaza Strip.
However, Republicans in the House of Representatives called for dividing aid to Israel, Ukraine, and other US allies. On April 1, House Speaker Mike Johnson said that the bill to support Ukraine would include “some important innovations,” possibly providing aid on credit.
April 15 Mike Johnson introduces four separate bills to fund US aid to Ukraine, Israel, Taiwan, and other national security priorities.