US President Joe Biden has requested that Congress appropriate $33 billion to help Ukraine defend itself from the ongoing military operation by Russia.
Delivering remarks from the White House, Biden on Thursday elaborated on how the newly proposed supplemental funding will be used. Of the $33-billion sum, according to a fact sheet by the White House, $20.4 billion will be military and security assistance to Kiev, $8.5 billion will be spent in economic assistance for the Ukrainian government and people, and $3 billion will be allocated for additional humanitarian assistance and food security funding, and targeted funding to address economic disruptions caused by the war.
"It's critical this funding gets approved and approved as quickly as possible," the President said.
Biden also proposed legislation to hold Russian oligarchs accountable for their alleged role in supporting the military operation. One of the aims of the proposed legislation is to improve the United States' ability to use forfeited oligarch funds to remediate harms caused to Ukraine by Russia's military operation, said a separate fact sheet by the White House detailing the proposal, Xinhua news agency reported.
In an effort to assuage speculations over the possible use of nuclear weapons as the hostility between Russia and Western powers shows no sign of abating, the President added "no one should be making idle comments about the use of nuclear weapons or the possibility of the need to use them."
He criticised Russian Foreign Minister Sergei Lavrov for making "irresponsible" remarks earlier this week on the prospect of a nuclear conflict.
Lavrov told Russian media in an interview broadcast on Russian TV on Monday that preventing nuclear war is Moscow's "key position on which we base everything. The risks now are considerable."
He added: "I would not want to elevate those risks artificially. Many would like that. The danger is serious, real. And we must not underestimate it."
--IANs
int/khz/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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