Business news from Ukraine

Business news from Ukraine

SIZE OF NEW AID PACKAGE PROPOSED BY US PRESIDENT TO UKRAINE INCREASES FROM $33 BLN TO $39.8 BLN AFTER DISCUSSIONS

The size of the new aid package proposed by US President Joe Biden to Ukraine has grown from $33 billion to $39.8 billion to date after discussions, Ukrainian Ambassador to the US Oksana Markarova said on Facebook after meetings with senators on Tuesday.
According to her, at the invitation of the leader of the Republican Party Mitch McConnell, she met with 45 senators from this party and at the invitation of Majority Leader Chuck Schumer – with 44 senators from the Democratic Party, whom she briefed on the current state of Ukraine’s struggle against Russian aggression and the urgent need for continued defense and US financial support.
Markarova noted that Ukraine expects the Congress to consider the new aid package proposed by the US President as soon as possible.
She added that also during the meeting, she thanked Senators Lindsey Graham (Republican) and Richard Blumenthal (Democratic) for the resolution on recognizing the Russian Federation as a state sponsor of terrorism.
“According to my information from the US allies, the House of Representatives intends to approve an updated $39.8 billion aid package to Ukraine in the near future. Our allies have no doubts about our victory and are ready to provide everything necessary for it,” the head of the parliamentary faction also wrote on Tuesday. “Servant of the People” David Arakhamia in Telegram.
According to him, such an unprecedented level of support will quickly change the situation on the battlefield, and the heroism of the Ukrainians will be backed up by modern equipment and weapons.
Earlier in the day, the media indicated, citing sources, that the updated package includes an additional $3.4 billion for military assistance and $3.4 billion for humanitarian assistance.

PRESIDENT OF UNITED STATES ANNOUNCED ANOTHER AID PACKAGE FOR UKRAINE

US President Joseph Biden announced another security assistance package that will provide Ukraine with additional artillery ammunition, radars and other equipment.
“Today, the United States continues to provide strong support to the courageous people of Ukraine defending their country. I am announcing another security assistance package that will provide Ukraine with additional artillery ammunition, radar and other equipment,” he tweeted on Friday evening.
The White House website also indicates that there are almost no funds left to send aid to Ukraine and prompt approval of funding by Congress is required.
“With today’s announcement, my administration has nearly exhausted the funding that can be used to send security assistance to Ukraine through a reduction authority. For Ukraine to succeed in this next phase of the war, its international partners, including the US, must continue to demonstrate our unity and our determination to ensure a continuous flow of weapons and ammunition to Ukraine. Congress must quickly provide the requested funding to strengthen Ukraine on the battlefield and at the negotiating table.

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