Biden approves $14 billion in aid to Ukraine

The amount is ten times as high as the recent IMF emergency loan offered to Ukraine

editor: REMIX NEWS
author: Ziare
President Joe Biden signs the Consolidated Appropriations Act for Fiscal Year 2022 in the Indian Treaty Room in the Eisenhower Executive Office Building on the White House Campus in Washington, Tuesday, March 15, 2022. (AP Photo/Patrick Semansky)

The United States will provide a “historic” $13.6 billion in funding to Ukraine, U.S. President Joe Biden announced via a post on his social media platforms on Tuesday.

Through the Bipartisan Government Funding Bill, the United States will provide support to the nearly 3 million Ukrainians who have sought refuge in neighboring countries and will offer humanitarian assistance to the 12 million people who require humanitarian assistance inside Ukraine, Biden revealed.

“Putin’s aggression against Ukraine has united people across America and the world to act with urgency and resolve,” the U.S. president tweeted.

Roughly half of the aid package, $6.5 billion, will be distributed to the U.S. Department of Defense enabling for the deployment of troops to NATO outposts across Europe, as well as facilitating the transfer of further defense equipment to Ukraine.

More than $4 billion of the package has been budgeted for humanitarian aid, ensuring refugees and those who have remained in their homes and are in need of support are provided with emergency food and healthcare, while nearly $1.8 billion will provide economic aid to Ukraine and its neighboring countries for support with issues such as energy and cybersecurity.

The U.S. aid to Ukraine is ten times as high as the $1.4 billion emergency loan transferred by the IMF to Ukraine on March 10.

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