Business news from Ukraine

Business news from Ukraine

US plans to approve new $50 billion aid package to Ukraine

22 October , 2022  

On the eve of the elections in November, the US Congress plans to approve a new aid package to Ukraine worth about $50 billion, NBC News reports, citing its own sources.
It is noted that the decision may be made in connection with concerns about cuts in aid to Ukraine if representatives of the Republican Party receive a majority in parliament.
The new aid package is likely to be part of a consolidated spending bill.
At the same time, the administration of US President Joseph Biden has not yet made a formal request for new funding.
As the newspaper notes, the leader of the Republicans in the House of Representatives, Kevin McCarthy, a candidate for the position of speaker in the event of the victory of the Republican Party in the elections, has already said that his party “is not going to issue an endless check to Ukraine.” In addition, many Republican candidates say that the US should focus on its own internal problems, and the war in Ukraine is not connected with US national interests.
At the same time, many Republicans declare the need to continue supporting Ukraine in its fight against Russian aggression.
“I voted for the first funding bill and I am ready to discuss additional funding. If we do not take the necessary steps for Ukraine to protect its nation and sovereignty from Russia, I think that the ripple effects will eventually cost not only the United States, but everything much more valuable to the world,” said Chuck Fleischmann, member of the Appropriations Committee.

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