Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Grow with Huawei Cloud: Accelerating GTM and Sales with Empowered Benefits

    September 22, 2023

    Hisense Showcases Hero Mini-LED ULED Television, The U8, at ‘Portals to Beyond’ Event in South Africa

    September 22, 2023

    CSI 2000 ETFs Gaining Attention Amidst RMB 400 Billion China ETF Market Growth

    September 22, 2023
    Facebook X (Twitter) Instagram
    GCC News HubGCC News Hub
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    GCC News HubGCC News Hub
    Home » Biden signs a $40 billion aid package for Ukraine while in Seoul
    News

    Biden signs a $40 billion aid package for Ukraine while in Seoul

    May 21, 2022
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    US President Joe Biden signed a $40 billion aid package to Ukraine on Saturday after the bill was flown to Seoul, a White House official announced. Following his departure from Washington, the bill was approved by the Senate. The statement that Biden had signed the bill came as the President attended a state dinner with South Korean President Yoon Suk Yeol. He also signed a bill to improve access to baby formula for low-income families off camera earlier Saturday.

    Biden signs a $40 billion aid package for Ukraine while in SeoulAs part of the legislation, funds are available for military and humanitarian aid. These include funds to assist Ukrainian military and national security forces, replenish supplies of US equipment sent to Ukraine, and provide public health and medical support for Ukrainian refugees. The bill raises presidential drawdown authority funding from $5 billion to $11 billion. Through the President’s drawdown authority, US stocks of military equipment and weapons can be sent to Ukraine. The bill also provides $6 billion in Ukraine Security Assistance Initiative funding, another way that the Biden administration is assisting Ukraine. With this funding, the administration can buy weapons from contractors and then provide them to Ukraine, so US stocks are not directly used.

    According to a fact sheet from the House Democratic Caucus, the money will be used to assist Ukrainian military and national security forces. It will be allocated to weapons, equipment, training, logistics, and intelligence support, among other things. As part of the deal, there will also be roughly $9 billion in assistance to restock US equipment sent to Ukraine by the US. This comes as many lawmakers have raised concerns over restocking American weapon stock in Ukraine, especially stingers and javelin missiles which are being given to the country.

    In the bill, $3.9 billion is earmarked for European Command operations, including mission support, intelligence support, hardship pay for troops deployed to the region, and equipment, including a Patriot battery, according to a fact sheet issued by the House Democrat Caucus. Since the Russian conflict with Ukraine began, the US Department of Defense has moved additional troops into Eastern European countries to help support NATO’s allies in the region.

    There will be $900 million dedicated to refugees’ assistance. This will include the provision of shelter, trauma support, and the teaching of English language to Ukrainian refugees who flee their country. According to the measure, the government provided additional $54 million for health and medical assistance to Ukrainian refugees.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email

    Related Posts

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Africa faces skyrocketing costs of climate change, projected to reach $440 billion

    September 5, 2023

    Revolutionary acoustic study sets new standard for marine conservation in the UAE

    September 2, 2023

    MENA Newswire reconfigures the algorithm of organization generated content

    September 1, 2023

    Key nations urged to ratify nuclear test ban treaty amid rising global tensions

    August 30, 2023

    Japan releases Fukushima radioactive wastewater; China counters with seafood ban

    August 24, 2023
    Latest News
    Business

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    At the Bharat Mandapam in New Delhi, the curtains have come down on the 18th…

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023

    Air Canada faces backlash as passengers evicted for refusing vomit-soaked seating

    September 7, 2023
    © 2021 GCC News Hub | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.