Business news from Ukraine

Business news from Ukraine

ADMINISTRATION OF U.S. PRESIDENT REQUESTS MORE THAN $58BLN FOR STATE DEPT’S NEEDS, INCL. $255 MLN TO HELP UKRAINE

29 May , 2021  

The administration of U.S. President Joe Biden has requested $58.5 billion for fiscal 2022 to support the activities of the Department of State and its goals, according to a document published by the U.S. Department of State on Friday. “The President’s Budget for FY 2022 requests $58.5 billion for the Department of State and USAID,” the message reads.
It is noted that this is 10% higher than the final budget of the State Department in fiscal 2021.
“These resources will position us to advance the Administration’s foreign policy agenda on behalf of the American people. It also reflects the importance the Administration places on U.S. global leadership and the fact that diplomacy and development are vital tools for advancing U.S. interests,” the U.S. Department of State said.
According to the document, it is proposed to allocate a total of $665.8 million for spending in the European region and Eurasia, which, in particular, will help strengthening the resilience of countries to foreign malevolent influence and promoting Euro-Atlantic integration, confronting the growing challenges from Russia and China.
Thus, $88 million of this amount is planned to be allocated to support the democratization of Georgia, its economic development and the creation of resilience to resisting the malicious influence of the Kremlin. In addition, $255 million will be spent on aid to Ukraine to strengthen its ability to withstand Russian aggression. To counter Russian influence and disinformation in the Western Balkans, according to the document, $106 million is required.

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