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Biden signs $40-bn bill for Ukraine aid; half the money is for military

The new legislation will provide $20 billion in military assistance, ensuring a steady stream of advanced weapons that have been used to blunt Russia's advances

US President Joe Biden alongside his South Korean counterpart Yoon Suk-yeol in Seoul. (Photo: Reuters)

US President Joe Biden alongside his South Korean counterpart Yoon Suk-yeol in Seoul. (Photo: Reuters)

AP | PTI Seoul
President Biden on Saturday signed legislation to support Ukraine with an additional USD 40 billion in US assistance as the Russian invasion approaches its fourth month.

The legislation, which was passed by Congress with bipartisan support, deepens the US commitment to Ukraine at a time of uncertainty about the war's future.

Ukraine has successfully defended Kyiv, and Russia has refocused its offensive on the country's east, but American officials warn of the potential for a prolonged conflict.

The funding is intended to support Ukraine through September, and it dwarfs an earlier emergency measure that provided USD 13.6 billion.

The new legislation will provide USD 20 billion in military assistance, ensuring a steady stream of advanced weapons that have been used to blunt Russia's advances. There's also USD 8 billion in general economic support, USD 5 billion to address global food shortages that could result from the collapse of Ukrainian agriculture and more than USD 1 billion to help refugees.

Biden signed the measure under unusual circumstances. Because he's in the middle of a trip to Asia, a US official brought the bill on a commercial flight to Seoul for the president to sign, according to a White House official.

The logistics reflect a sense of urgency around continuing US support for Ukraine, but also the overlapping international challenges facing Biden.

Even as he tries to reorient American foreign policy to confront China, he's continuing to direct resources to the largest conflict in Europe since World War II.

Biden also signed an unrelated measure, one intended to increase access to baby formula at a time when supplies remain scarce in the United States.

The legislation will allow government benefits from the Special Supplemental Nutrition Program for Women, Infants, and Children better known as WIC to be used to buy more types of infant formula.

(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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First Published: May 21 2022 | 4:36 PM IST

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