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Congress approves $ 40 billion bailout package for Ukraine

The Congress at USA gave the “green light” for the $ 40 billion aid mission to Kyiv, as the war in Ukraine is still in progress. According to Reuters, the colossal aid package includes a macroeconomic and humanitarian component, as well as an armament.

Thus, the The bill will now be passed to the White Houseto signed by President Joe Biden.

“It’s a big package and it will meet the great needs of the Ukrainian people as it fights for its survival,” he said. Chuck Sumer, before the vote begins. “Approving this emergency aid, The Senate can now tell the Ukrainian people: help is on the way. Real help. Important help. “Assistance that will ensure the victory of the Ukrainians,” he added.

Also, as reported by the French Agency, among others $ 6 billion is expected to be released in order that Ukraine to be equipped with armored vehicles and to strengthen its air defenses at a time when fighting is raging in its southern and eastern provinces. About $ 9 billion will also be given to ensure “the continued functioning of democratic institutions”.

It is recalled that in mid-March the Congress had already released about $ 14 billion to deal with the Ukrainian crisis. But President Biden has been calling for a major budget change for weeks to support Ukraine in this new phase of the war.

Source: News Beast

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