Thursday, May 19, 2022

$40 Billion Package

From Reuters:

“Factbox: The big items in Washington's $40 billion Ukraine aid package”

The U.S. Senate passed a bill on Thursday that would provide some $40 billion in additional military, economic and humanitarian aid to Ukraine following Russia's invasion as the Biden administration predicts a prolonged conflict. The war has reduced cities to rubble, forced millions from their homes and, according to the U.N. human rights body, killed an estimated 3,500 civilians. Russia has little to show for it beyond a strip of territory in southern Ukraine and marginal gains in the eastern part of the country. The United States has rushed $3.9 billion worth of armaments to Ukraine since Russia invaded on Feb. 24, including howitzers, anti-aircraft Stinger systems, anti-tank Javelin missiles, ammunition and armed drones. The following are some of the main elements in the funding package:

HUMANITARIAN ASSISTANCE The legislation includes more than $4 billion in international disaster assistance to respond to humanitarian needs in Ukraine and other affected countries, including the provision of emergency food and shelter. The legislation also includes $350 million in migration and refugee assistance for the U.S. State Department to assist refugees from Ukraine and support to other countries in Eastern Europe. The number of people who have fled Ukraine to escape Russia's invasion has passed 6 million, in Europe's worst refugee crisis since the end of World War Two, a U.N. refugee agency said on Thursday. read more Most have crossed to the European Union through border points in Poland, Slovakia, Hungary and Romania, where volunteers and governments have scrambled to help them find accommodation and provide support.

ECONOMIC SUPPORT FUND The package also includes nearly $9 billion for an economic support fund for Ukraine and other countries affected by the conflict, including programs to combat human trafficking and money that can be used to respond to food insecurity. The funds may be used to provide direct financial support to the government of Ukraine, according to the bill, although cash transfers would be subject to a memorandum of understanding, and certain safeguards and oversight. The Global Network Against Food Crises, set up by the United Nations and European Union, said in its annual report this month that Russia's invasion of Ukraine - both countries are major food producers - poses serious risks to global food security, especially in vulnerable countries including Afghanistan, Ethiopia, Haiti, Somalia, South Sudan, Syria and Yemen.

SECURITY ASSISTANCE The package includes almost $15 billion for defense operations and maintenance, which includes $6 billion for the Ukraine Security Assistance Initiative and $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine. The legislation includes hundreds of millions of dollars for the procurement of missiles, weapons and tracked combat vehicles, ammunition and aircraft, among others. It also provides $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis, and $100 million for non-proliferation, anti-terrorism, demining and related programs.

PRESIDENTIAL DRAWDOWN AUTHORITY The legislation authorizes up to a further $11 billion in Presidential Drawdown Authority, which allows the president to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency.

DIPLOMACY The legislation authorizes nearly $200 million for the U.S. State Department's diplomatic programs to respond to the situation in Ukraine and countries affected by the conflict. It also authorizes $110 million for embassy security, construction and maintenance.

^ It’s great to see this has passed and will go to help Ukraine, the US and the World. ^

https://www.reuters.com/world/big-items-washingtons-40-billion-ukraine-aid-package-2022-05-19/

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