The US Senate has been presented with a bill containing $60.1B in aid for Ukraine.

Tuesday, February 6, 2024
The US Senate has been presented with a bill containing $60.1B in aid for Ukraine.

The US Senate released a $118B bipartisan proposal for aid to Israel, Ukraine, and enhanced border security. The document provides the following:

  1. $60.1B —aid to Ukraine
  2. $14.1B — aid to Israel
  3. $22.2B —increased security at the southern American border

It also includes money for humanitarian aid in war-torn regions and defense operations in the Red Sea and Taiwan. The main difference in this document is a $13B increase in border protection funding. Senate Majority Leader Chuck Schumer announced that a vote is scheduled for February 7.

Assistance to Ukraine will be directed as such:

  1. $14B– for the purchase of new weapons from American companies
  2. $15B — military training for Ukraine’s Armed Forces, exchange of intelligence, etc.
  3. $20B — to replenish military stocks in the US
  4. $8B — for direct budgetary support of Ukraine, in addition to financing pensions
  5. $1.58B —for macroeconomic support

However, there are a few lawmakers who oppose the bill. Speaker of the House of Representatives, Republican Mike Johnson, said, “If the bill reaches the House of Representatives, it will be already dead.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
German opposition to the €5B reform of Ukraine's military support fund risks delaying the supply of arms.

German opposition to the €5B reform of Ukraine's military support fund risks delaying the supply of arms.

Next post
The NBU predicts a further decrease in the key policy rate.

The NBU predicts a further decrease in the key policy rate.

Previous Main Topics