White House says it could run out of funds to help Ukraine

by time news

2023-12-04 20:36:48

This Monday the White House warned that at the end of the year the US Government will not have money to support Ukraine in the war against Russia and asked Congress to urgently approve measures so that funds can continue to be sent.

Perspective Writing

In a letter signed by Shalanda Young, head of the United States Office of Management and Budget, the US Executive assures that, without action by Congress, “by the end of the year” the Government will run out of resources to acquire more weapons and equipment for Ukraine.

It is worth mentioning that although the Biden administration has been pushing for additional aid to the war-torn country for months, Monday’s letter marks heightened urgency for what President Joe Biden has described as an issue of the future of the world’s democracies. world.

In his letter, Young assured that the United States “has almost run out of time” to meet the needs of the moment and that the lack of an agreement will pose critical risks to national security. Joe Biden’s government has been pushing for months for additional aid to Ukraine, a country devastated by the war against Russia. (Credit. x).

«There is no magic pool of financing available to face this moment. “We have run out of money and almost no time,” says the letter, addressed to the president of the House of Representatives, Republican Mike Johnson; the Democratic leader of this chamber, Hakeem Jeffries; to Senate Majority Leader Chuck Schumer and Senate Republican Leader Mitch McConnell.

Stopping sending weapons and equipment, the letter adds, “will put at risk the achievements made by Ukraine” and “increase the probability of Russian military victories.” “Our security assistance packages have already become smaller and aid deliveries more limited. “If our aid stops, it will cause major problems for Ukraine,” Young said.

And the money given to Ukraine “has stopped Russia’s advances in Ukraine, helped Ukraine achieve important military victories, and revitalized the US Defense Industrial Base (DIB).”

According to data published by international news agencies, to date, the United States has provided US$111 billion in financing to support Ukraine. Of that, $67 billion, roughly 60%, has bolstered U.S. defense capabilities.

“Our own military readiness has improved, as the Department of Defense is purchasing new equipment to replace what we sent to Ukraine, boosting and expanding production lines, and supporting good-paying jobs in dozens of states across the country,” the letter details. .

As of mid-November, the Defense Department had used 97% of the $62.3 billion it received, and the state has used 100% of the $4.7 billion in military assistance it obtained.

#White #House #run #funds #Ukraine

You may also like

Leave a Comment