The Fort Worth Press - US set to approve $40 bn for Ukraine, warning of long war ahead

USD -
AED 3.672501
AFN 64.52571
ALL 80.938098
AMD 360.576387
ANG 1.789785
AOA 917.999932
ARS 1545.6747
AUD 1.444875
AWG 1.8025
AZN 1.703137
BAM 1.743425
BBD 2.008887
BDT 123.879606
BGN 1.747831
BHD 0.376622
BIF 2990.256817
BMD 1
BND 1.276598
BOB 11.853793
BRL 5.5091
BSD 0.997402
BTN 93.614366
BWP 13.704149
BYN 2.9865
BYR 19600
BZD 2.006035
CAD 1.41204
CDF 2290.999829
CHF 0.81983
CLF 0.024617
CLP 968.859751
CNY 6.672799
CNH 6.668095
COP 3276.19
CRC 451.767894
CUC 1
CUP 23.937993
CVE 98.289855
CZK 21.698029
DJF 177.613956
DKK 6.66336
DOP 60.687368
DZD 136.04195
EGP 53.883964
ERN 15
ETB 161.149607
EUR 0.89138
FJD 2.251802
FKP 0.745155
GBP 0.74395
GEL 2.590006
GGP 0.745155
GHS 11.655012
GIP 0.745155
GMD 73.999734
GNF 8836.612261
GTQ 7.621578
GYD 209.09492
HKD 7.84295
HNL 26.806973
HRK 6.76901
HTG 130.734569
HUF 322.986499
IDR 18064
ILS 3.15879
IMP 0.745155
INR 93.507201
IQD 1515
IRR 1902285.498929
ISK 122.269598
JEP 0.745155
JMD 158.448586
JOD 0.708969
JPY 158.067997
KES 129.920265
KGS 87.449705
KHR 4070.189826
KMF 438.999567
KPW 899.999961
KRW 1346.530143
KWD 0.31083
KYD 0.831242
KZT 447.498028
LAK 22499.999997
LBP 89319.272786
LKR 331.641135
LRD 169.5645
LSL 16.469788
LTL 2.95274
LVL 0.60489
LYD 6.409256
MAD 9.744659
MDL 17.9789
MGA 4595.000057
MKD 54.854897
MMK 2099.696522
MNT 3601.450067
MOP 8.055785
MRU 40.486176
MUR 47.03024
MVR 15.409869
MWK 1729.518682
MXN 18.52502
MYR 4.0547
MZN 63.909689
NAD 16.469537
NGN 1346.109721
NIO 36.620046
NOK 9.39945
NPR 149.780494
NZD 1.77432
OMR 0.384466
PAB 0.997491
PEN 3.432117
PGK 4.489495
PHP 63.0895
PKR 276.610825
PLN 3.90925
PYG 6234.539563
QAR 3.646056
RON 4.761797
RSD 104.82994
RUB 82.499887
RWF 1475.64438
SAR 3.760416
SBD 8.097299
SCR 14.644689
SDG 601.49594
SEK 9.80022
SGD 1.27851
SHP 0.744075
SLE 22.950064
SLL 20969.504398
SOS 570.058343
SRD 37.551984
STD 20697.981008
STN 21.839608
SVC 8.727821
SYP 13001.999685
SZL 16.397096
THB 33.425966
TJS 9.156323
TMT 3.51
TND 3.007498
TOP 2.40776
TRY 50.2297
TTD 6.76493
TWD 32.865501
TZS 2644.998026
UAH 45.437804
UGX 4084.37961
UYU 40.220535
UZS 11964.539608
VES 897.18025
VND 25577.5
VUV 120.001108
WST 2.780103
XAF 584.706737
XAG 0.018866
XAU 0.000243133308
XCD 2.70255
XCG 1.797623
XDR 0.707052
XOF 584.706737
XPF 106.750407
YER 236.502614
ZAR 16.378835
ZMK 9001.198196
ZMW 20.272505
ZWL 321.999592
SSP 5745.814556
MXV 2.082538
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

US set to approve $40 bn for Ukraine, warning of long war ahead
US set to approve $40 bn for Ukraine, warning of long war ahead / Photo: © AFP

US set to approve $40 bn for Ukraine, warning of long war ahead

US lawmakers were set to begin debate Tuesday on a nearly $40 billion aid package for Ukraine as Washington warned Russia was likely girding for a long conflict with its neighbor.

Text size:

The defense, humanitarian and economic funding should pass comfortably, with the two parties having reached an agreement on the details, and it will likely move quickly through Congress.

"This is a large package but the need is great and time is of the essence... The president has called on both chambers of Congress to act quickly on the Ukrainian aid package, so act quickly we must," Chuck Schumer, who leads the Senate Democratic majority, said on the floor.

Congressional leaders struck a deal Monday to release $6.8 billion more than the $33 billion previously requested by the White House to help the Eastern European nation ward off Moscow's invasion.

The financial boost would include an extra $3.4 billion for both military and humanitarian assistance on top of the funding requested by the administration.

If the package passes as planned, US spending to bolster Ukraine's defenses against Russia's invasion and address the ensuing humanitarian crisis will soar to around $54 billion.

The action comes as a top US official warned that Russian President Vladimir Putin is preparing for a long war that may not end with Russian victory in the east.

"We assess President Putin is preparing for prolonged conflict in Ukraine during which he still intends to achieve goals beyond the Donbas," Director of National Intelligence Avril Haines said at a hearing on Capitol Hill.

She added that Putin was counting on US and EU resolve to weaken as the conflict continues to cause food shortages and inflation, including spiraling energy prices.

- Covid aid complications -

Debate and a vote on the legislation is expected in the House as early as Tuesday, likely followed by the Senate at the end of the week or next week.

The Democratic leadership had hoped to tie the Ukraine money to a new round of funding for Covid-19 tests, therapeutics and vaccines, with the United States experiencing a new spike in cases as it nears one million deaths.

But they decided against the move as they were unwilling to get drawn into another fight over border control, the issue that sank the previous attempt at a Covid funding deal before Easter.

House Democratic leaders are pushing for nearly $20 billion in additional pandemic preparedness funding, in line with what the White House said it needs.

The Senate had been considering a narrower package worth around $10 billion.

Republicans stopped the Covid aid package last month, demanding an amendment vote to keep in place Title 42, the pandemic-related provision used to deny asylum requests and allow the quick expulsion of migrants.

With the policy due to end on May 23, Democrats are reluctant to allow a vote, as several of their moderate lawmakers, and those in tough re-election fights, would likely vote with Republicans.

President Joe Biden said in a statement Monday that he was prepared to accept the decoupling of Ukraine and Covid aid, with "approximately 10 days" to go until the current funding runs out,

Biden signed into law the creation of a lend-lease program on Monday that will make it easier for the United States to send military equipment to Ukraine, more than 80 years after a similar program began America's involvement in World War II.

A.Williams--TFWP