U.S. lawmakers promise more cash, weapons as Ukraine faces ‘Hurricane Putin’


Investing.com - Financial Markets Worldwide

Please attempt one other search


Economy 2 hours in the past (Sep 29, 2022 06:35PM ET)

U.S. lawmakers promise more money, weapons as Ukraine faces 'Hurricane Putin'
© Reuters. FILE PHOTO: Firefighters and Ukrainian military troopers seek for our bodies of individuals killed throughout a Russian assault, among the many stays of a constructing beside a TV tower, within the just lately liberated city of Izium, Kharkiv area, Ukraine September 28, 2022. REUTE

By Patricia Zengerle

WASHINGTON (Reuters) – Democratic and Republican U.S. lawmakers mentioned on Thursday they needed to proceed the stream of cash and weapons for Ukraine’s battle in opposition to Russia’s invasion, denouncing Moscow’s plan to annex 4 Ukrainian areas.

“We now have not received this but. We have to proceed to help the Ukrainians,” Democrat Bob Menendez, chairman of the Senate Overseas Relations Committee, advised reporters after a labeled briefing on the battle.

The Senate handed a invoice funding the federal authorities by means of Dec. 16, and sending $12.3 billion in navy and financial help to Ukraine. The invoice, which the Home of Representatives is about to cross on Friday, additionally authorizes President Joe Biden to direct the drawdown of as much as $3.7 billion for the switch to Ukraine of weapons from U.S. shares.

Republican Senator Lindsey Graham mentioned he needed “to ship a really clear sign” that extra financial and navy help could be despatched to Ukraine when Congress returns to Washington after the Nov. 8 mid-term elections.

“It is a defining second for the world in terms of territorial integrity,” Graham advised a information convention the place he and Democrat Richard Blumenthal launched a invoice to chop off U.S. help to any nation that acknowledges Russia’s annexation of Ukrainian territory.

“We’re coping with Hurricane Putin,” Graham mentioned, after expressing finest needs for U.S. residents affected by highly effective Hurricane Ian.

Graham and Blumenthal additionally known as on Biden to designate Russia a state sponsor of terrorism, which the administration says shouldn’t be the simplest strategy to maintain Russia accountable.

Blumenthal and Graham’s invoice was one among a number of in search of to spice up Ukraine that was just lately launched in Congress.

Some proposals might change into legislation as a part of the Nationwide Protection Authorization Act (NDAA), a large invoice setting coverage for the Pentagon anticipated to cross by year-end.

On Thursday, Democratic Senator Chris Van Hollen and Republican Pat Toomey filed an modification to the NDAA proposing the Biden administration use secondary sanctions to strengthen a worth cap G7 nations plan to impose on Russian oil.

Associated Articles

Read More

Vinkmag ad

Read Previous

Fed wants methods to regulate its steadiness sheet quicker, says Daly

Read Next

Micron warns of harder occasions, plans to chop investments by 30%

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular