Business news from Ukraine

US Senate has supported law on allocating money to Ukraine

24 April , 2024  

The upper house of the U.S. Congress (Senate) has passed a bill to provide aid to Ukraine. There were 79 votes in favor.

The law is to be signed by US President Joe Biden in the near future.

As reported, the bill approved on April 22 by the lower house of the US Congress (House of Representatives) provides for the allocation of almost $61 billion for purposes related to the support of Ukraine.

In addition to assistance to Ukraine, the package also includes $26 billion in aid to Israel, $8 billion to support US allies in the Indo-Pacific, as well as provisions for new sanctions against Russia, China, and Iran and the US President’s authority to use frozen Russian assets for the benefit of Ukraine.

April 23 President Zelenskyy has a phone conversation with US President Joseph Biden, during which Biden assures him that if the bill is approved by the Senate, he will immediately sign it into law.

The White House website confirms Biden’s words that his administration will quickly provide significant new security assistance packages for Ukraine in combat and air defense as soon as the Senate passes the supplemental national security package and he signs it into law.

For his part, Ukrainian President Volodymyr Zelenskyy made it clear that Ukraine would receive long-range ATACMS missiles as part of the US aid package. “And today’s result is that all the dots have been dotted in the ATACMS agreement for Ukraine. Thank you, Mr. President! Thank you, Congress! Thank you, America!” he said in a video message on Monday.

The provision of missiles with a range of up to 300 kilometers has been a request of Kyiv for the past year, but the US administration has constantly postponed the issue. The missiles are provided for in a congressional resolution passed on Saturday, but it contains a reference to the administration’s ability to refuse to deliver them if it is in the national security interest.

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