Biden says he’s confident the US will provide more aid

(Bloomberg) – President Joe Biden has said he is confident he can work with House Speaker Kevin McCarthy to continue providing US aid to Ukraine, despite the Republican leader’s indication this week that he might not support a new supplemental funding program for the war on top of the Pentagon’s regular budget.

Bloomberg’s Most Read

“The point is, I think we’ll have the funding to support Ukraine for as long as it takes, and I think we’ll add support” as needed, Biden told reporters at a conference call. press on the sidelines of his visit. British Prime Minister Rishi Sunak.

The Pentagon is expected to announce as early as Friday a long-term weapons package for Ukraine heavy with air defense munitions worth more than $2 billion, according to administration officials.

The money, which will be granted under the Ukraine Security Assistance Initiative, will finance the purchase of Hawk missile and missile launchers and two types of advanced Patriot air defense missiles.

Ukrainian President Volodymyr Zelenskiy visited flood-devastated Kherson in the south as authorities said Russian forces shelled the regional capital during evacuation operations. Some 600 square kilometers (230 square miles) were under water two days after the destruction of the Kakhovka dam, as Ukraine requested United Nations assistance in Russian-occupied areas.

Nearly a third of the flooded area, where thousands of people are being evacuated, is held by Ukrainian forces, while the rest is in Russian-occupied territory, regional governor Oleksandr Prokudin said on Telegram.

Latest cover

  • The Pentagon prepares a new package of 2 billion dollars for the air defense of Ukraine

  • New Ukrainian tanks see action as the counteroffensive is underway

  • Russia’s elite worries about Putin’s chances of winning his war

  • UK mulls war risk insurance scheme for Ukraine reconstruction

  • Ukraine promises embassies and grain to counter Russia in Africa

  • China pressures EU over proposal to punish companies supplying Russia

Market Impact

Wheat futures rose as escalating fighting heightened concerns over grain supplies to the Black Sea’s main trading hub.


Bloomberg Businessweek’s Most Read

©2023 Bloomberg LP

Leave a Comment