Economic news

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

2022.09.29 19:40



© Reuters. FILE PHOTO: Firefighters and Ukrainian army soldiers search for bodies of people killed during a Russian attack, among the remains of a building beside a TV tower, in the recently liberated town of Izium, Kharkiv region, Ukraine September 28, 2022. REUTE

By Patricia Zengerle

WASHINGTON (Reuters) – Democratic and Republican U.S. lawmakers said on Thursday they wanted to continue the flow of money and weapons for Ukraine’s battle against Russia’s invasion, denouncing Moscow’s plan to annex four Ukrainian regions.

“We have not won this yet. We need to continue to support the Ukrainians,” Democrat Bob Menendez, chairman of the Senate Foreign Relations Committee, told reporters after a classified briefing on the conflict.

The Senate passed a bill funding the federal government through Dec. 16, and sending $12.3 billion in military and economic assistance to Ukraine. The bill, which the House of Representatives is set to pass on Friday, also authorizes President Joe Biden to direct the drawdown of up to $3.7 billion for the transfer to Ukraine of weapons from U.S. stocks.

Republican Senator Lindsey Graham said he wanted “to send a very clear signal” that more economic and military assistance would be sent to Ukraine when Congress returns to Washington after the Nov. 8 mid-term elections.

“This is a defining moment for the world when it comes to territorial integrity,” Graham told a news conference where he and Democrat Richard Blumenthal introduced a bill to cut off U.S. assistance to any country that recognizes Russia’s annexation of Ukrainian territory.

“We’re dealing with Hurricane Putin,” Graham said, after expressing best wishes for U.S. citizens affected by powerful Hurricane Ian.

Graham and Blumenthal also called on Biden to designate Russia a state sponsor of terrorism, which the administration says is not the most effective way to hold Russia accountable.

Blumenthal and Graham’s bill was one of several seeking to boost Ukraine that was recently introduced in Congress.

Some proposals could become law as part of the National Defense Authorization Act (NDAA), a massive bill setting policy for the Pentagon expected to pass by year-end.

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



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,901.96 2.04%
ethereum
Ethereum (ETH) $ 3,319.41 4.45%
tether
Tether (USDT) $ 1.00 0.16%
solana
Solana (SOL) $ 247.21 5.89%
bnb
BNB (BNB) $ 650.80 3.66%
xrp
XRP (XRP) $ 1.34 15.28%
dogecoin
Dogecoin (DOGE) $ 0.408958 11.46%
usd-coin
USDC (USDC) $ 0.999951 0.08%
cardano
Cardano (ADA) $ 0.967979 14.84%
staked-ether
Lido Staked Ether (STETH) $ 3,320.24 4.42%
tron
TRON (TRX) $ 0.203589 7.45%
avalanche-2
Avalanche (AVAX) $ 39.59 8.04%
the-open-network
Toncoin (TON) $ 5.96 4.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 9.48%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,930.85 4.50%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,471.85 2.15%
stellar
Stellar (XLM) $ 0.450149 7.62%
polkadot
Polkadot (DOT) $ 8.49 1.57%
chainlink
Chainlink (LINK) $ 16.67 6.19%
bitcoin-cash
Bitcoin Cash (BCH) $ 493.62 7.27%
weth
WETH (WETH) $ 3,318.66 4.38%
sui
Sui (SUI) $ 3.35 8.00%
pepe
Pepe (PEPE) $ 0.00002 10.53%
leo-token
LEO Token (LEO) $ 8.71 0.88%
near
NEAR Protocol (NEAR) $ 6.51 0.35%
litecoin
Litecoin (LTC) $ 93.81 10.19%
aptos
Aptos (APT) $ 11.94 8.55%
uniswap
Uniswap (UNI) $ 10.31 5.49%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,488.15 4.66%
hedera-hashgraph
Hedera (HBAR) $ 0.138869 9.62%
usds
USDS (USDS) $ 1.00 0.13%
internet-computer
Internet Computer (ICP) $ 10.68 8.46%
crypto-com-chain
Cronos (CRO) $ 0.184401 7.07%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.538592 7.51%
ethereum-classic
Ethereum Classic (ETC) $ 27.85 8.97%
render-token
Render (RENDER) $ 7.47 7.69%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.17%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46 2.22%
kaspa
Kaspa (KAS) $ 0.148798 8.11%
bittensor
Bittensor (TAO) $ 499.73 7.44%
whitebit
WhiteBIT Coin (WBT) $ 24.39 1.27%
dai
Dai (DAI) $ 1.00 0.11%
celestia
Celestia (TIA) $ 8.07 21.21%
arbitrum
Arbitrum (ARB) $ 0.81747 6.50%
bonk
Bonk (BONK) $ 0.000044 13.31%
mantra-dao
MANTRA (OM) $ 3.65 2.64%
vechain
VeChain (VET) $ 0.040147 8.97%
cosmos
Cosmos Hub (ATOM) $ 8.28 2.96%
filecoin
Filecoin (FIL) $ 5.35 0.43%
okb
OKB (OKB) $ 52.45 0.54%