US to provide additional $4.5 billion to keep Ukrainian government operating | The Hill
By: Tobias Burns (The Hill)
The U.S. is sending out an additional $4.5 billion in aid to the government of Ukraine, bringing the total amount of budgetary support to the country since it was invaded by Russia to $8.5 billion, the Treasury Department said Monday.
S E E D E D C O N T E N T
The U.S. is sending out an additional $4.5 billion in aid to the government of Ukraine, bringing the total amount of budgetary support to the country since it was invaded by Russia to $8.5 billion, the Treasury Department said Monday.
The funds will help keep the Ukrainian government afloat as it seeks to withstand the large-scale Russian military campaign that's now approaching its sixth month. The first payment of $3 billion from the $4.5 billion is scheduled to go out later this month.
The Treasury will administer the funds along with the U.S. Agency for International Development and the money will go to essential services like paying government salaries, keeping hospitals and schools operating, and distributing humanitarian supplies.
Treasury Secretary Janet Yellen said in a statement that the announcement shows President Biden's commitment to Ukraine, "including through $8.5 billion in budgetary support which is helping Ukraine's government keep hospitals, schools, and other critical government services for the people of Ukraine."
The department said there were mechanisms in place to make sure that the funding, which was approved by Congress, would be used only for its intended purposes.
"Robust safeguards put in place by the World Bank, coupled with U.S.-funded, expert third-party oversight embedded within the Ukrainian government, ensure accountability and transparency in the use of these funds," the Treasury said in a statement.
The $4.5 billion represents the fifth disbursement from the U.S. directly to the Ukrainian government budget. The U.S. sent $1 billion through the World Bank in April and May, $1.3 billion in June, and another $1.7 billion in July.
The Treasury is also releasing $335 million to the European Bank for Reconstruction and Development to help with Ukraine's energy and food security as part of the country's efforts to rebuild from the war.
The money will go to supporting infrastructure in transport and logistics as well as some direct financing for the agricultural sector and exporters. It will also go to cities and towns that are dealing with issues related to internally displaced persons and other vulnerable populations.
Monday's announcement from the Treasury came the same day as the Department of Defense said the U.S. would send an additional $1 billion "to meet Ukraine's critical security and defense needs" in the form of additional ammunition, weapons and equipment to be sent to Ukraine.
The defense package included mortars, javelin missile systems, Claymore anti-personnel mines, artillery ammunition, ammunition for artillery rocket systems, surface-to-air missile munitions, C-4 explosives, and medical supplies, according to the Pentagon.
Article is LOCKED by author/seeder
Tags
Who is online
50 visitors
So the Biden Dumpster Fire is sending even more money out of the country that taxpayers will have to pay.
Tell me again, how does this help the United States?
It does make you wonder if the 8.5 billion was spent on feeding the hungry, housing the homeless and mental health help for those that need it in the US...................................
Imagine how much insulin we could buy with that money.
Continuing to fund Ukraine just enough to keep the war going without an end in sight is good for the economy of the USA - liquid natural gas can be sold to Europe, and the American arms manufacturers' wildest dreams have come true. After all, Americans don't need the necessities that those billions can pay for. There used to be an expression "What's good for General Bullmoose is good for the USA" and that's been adapted by America and reworded as "What's good for the USA is required by the rest of the world."
You are funny.
We can't produce enough to supply ourselves much the less Europe.
US arms manufacturers are not selling anything to Ukraine. Again, this is the US government giving all of these billions in money and arms to Ukraine.
Where you are wrong is thinking the government was ever going to spend that money on US citizens to begin with. If it wasn't being used for Ukraine- it wouldn't be getting used.
Please site the references for this quote. I would go with "What is good for US politicians is bad for everyone else."
Thank you, I'm glad you appreciate my humour. We can sure all use a few laughs these days.
US commits to additional LNG supplies for Europe - Energy Voice
.
Foreign producers have to be paid - and America will buy it to give to Europe.
You mean the arms manufacturers are charitable enterprises and what's being sent to Ukraine are donations?
Not even to reduce the monstrous deficit? Wow. So much money it isn't even being used even though there's about a half a million Americans sleeping under bridges? I had no idea America had so much money they could buy the loyalty of other countries with it. s/
I made up the second one to illustrate American hegemony. As for the General Bullmoose one...
As I say to my movie quiz participants, "I'm glad you had fun with it."
Wait til you see the bill for Taiwan - the folks we have an obligation to.
Can you give us the cost of freedom…here, there, or everywhere?
did you see where South Korea told Pelosi they wouldn't defend Taiwan?
Looks like Pelosi's vacation didn't amount to much.
So far Congress has approved at least $54 billion in aid. (There was a $14 billion package approved in March and another $40 billion package approved in May.)
That may not include the cost of troop deployments to NATO countries, humanitarian relief for displaced Ukrainians, or US operations to support Ukraine (like intelligence gathering). At the present rate of spending, the annual expenditures on the Ukrainian war will exceed the planned annual expenditures in Biden's Inflation Reduction Act. Maybe that's why Democrats need big tax increases.
That would explain the tax hikes in Bidens trainwreck act.
Well, if history is a guide then we only have another 9 1/2 years to go in Ukraine. At this rate of expenditure the price tag will be at least $540 billion over ten years. Biden's Inflation Reduction Act(?) is $740 billion over ten years. Kinda puts things in perspective, doesn't it?