The Biden administration is sending a $33 billion supplemental funding request to Congress aimed at supporting Ukraine through a new phase over the next several months as Russia continues its brutal and unrelenting war. It includes funding for security, economic, and humanitarian aid.
US President Joe Biden is set to further outline the request when he gives remarks on US support for Ukraine at 10:45 a.m. ET.
The $33 billion request includes $20.4 billion requested for military and security assistance. That $20 billion includes $5 billion in additional drawdown authorities, $6 billion for the Ukraine Security Assistance Initiative, and $4 billion for the State Department’s Foreign Military Financing Program, a senior administration official told reporters.
While members have agreed that more money for Ukraine is necessary, it’s still not clear how the supplemental would move swiftly through Congress nor is it clear how quickly this proposal on Oligarchs could move. A likely path would be to tie the two pieces of legislation together, but Republican and Democratic leaders are in the early stages of talks on how to pass the broader funding for Ukraine.
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