Economic news

US Senate defeats effort to limit US aid to Ukraine

2023.07.20 17:27


© Reuters. The dome of the U.S. Capitol is seen in Washington, U.S., April 17, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo

By Patricia Zengerle

WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Thursday against an effort to tie military aid to Ukraine to NATO members’ defense spending, despite 13 Republicans backing the bid from Republican Senator Mike Lee to restrict U.S. aid to Ukraine.

The 100-member Senate opposed the amendment to the National Defense Authorization Act, or NDAA, by 71 to 13.

The amendment would have required that only 2% of the funds made available for Ukraine by the Department of Defense during fiscal 2024 be obligated or expended until every member of the NATO alliance spends at least 2% of their gross domestic product on defense.

The United States has sent more than $40 billion in military aid to Ukraine since Russia invaded in February 2022, including $1.3 billion President Joe Biden’s administration announced on Wednesday.

The assistance to Ukraine receives broad bipartisan support in the U.S. Congress, which has control of government spending. But a small group of Republicans – many with close ties to former president and current presidential candidate Donald Trump – has questioned that aid.

Republicans in the House of Representatives offered amendments to cut Ukraine aid when the Republican-led chamber considered its version of the NDAA last week. Those amendments were also defeated.

As he campaigned to be the Republican presidential nominee in 2024, Trump said he would ask Europe to reimburse the United States for the cost of restoring stockpiles of weapons that have been sent to Ukraine. He had said previously he would withdraw the United States from NATO if all 31 members do not spend 2% of their GDP on defense.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 105,116.16 2.44%
ethereum
Ethereum (ETH) $ 3,263.95 4.50%
xrp
XRP (XRP) $ 3.11 1.85%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 240.68 4.59%
bnb
BNB (BNB) $ 680.69 2.18%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.333421 2.26%
cardano
Cardano (ADA) $ 0.969001 4.42%
staked-ether
Lido Staked Ether (STETH) $ 3,261.55 4.53%
tron
TRON (TRX) $ 0.251771 5.01%
chainlink
Chainlink (LINK) $ 24.86 8.05%
avalanche-2
Avalanche (AVAX) $ 34.46 4.85%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,726.06 2.50%
stellar
Stellar (XLM) $ 0.434901 10.86%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,894.28 4.70%
sui
Sui (SUI) $ 4.14 11.20%
hedera-hashgraph
Hedera (HBAR) $ 0.318408 4.45%
the-open-network
Toncoin (TON) $ 4.83 0.39%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 2.58%
litecoin
Litecoin (LTC) $ 129.64 15.10%
weth
WETH (WETH) $ 3,263.15 4.57%
polkadot
Polkadot (DOT) $ 6.15 8.18%
hyperliquid
Hyperliquid (HYPE) $ 26.96 16.49%
leo-token
LEO Token (LEO) $ 9.75 0.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 437.93 6.28%
bitget-token
Bitget Token (BGB) $ 6.93 2.64%
uniswap
Uniswap (UNI) $ 12.09 2.88%
usds
USDS (USDS) $ 1.00 0.10%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,454.19 4.53%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
pepe
Pepe (PEPE) $ 0.000013 5.64%
mantra-dao
MANTRA (OM) $ 5.73 27.07%
near
NEAR Protocol (NEAR) $ 4.64 5.02%
official-trump
Official Trump (TRUMP) $ 27.18 0.47%
ondo-finance
Ondo (ONDO) $ 1.59 11.23%
aave
Aave (AAVE) $ 317.46 8.41%
aptos
Aptos (APT) $ 7.98 8.50%
internet-computer
Internet Computer (ICP) $ 9.16 6.93%
monero
Monero (XMR) $ 226.16 2.82%
whitebit
WhiteBIT Coin (WBT) $ 28.45 0.01%
ethereum-classic
Ethereum Classic (ETC) $ 26.48 4.38%
mantle
Mantle (MNT) $ 1.17 8.40%
bittensor
Bittensor (TAO) $ 471.66 1.22%
vechain
VeChain (VET) $ 0.047197 10.64%
crypto-com-chain
Cronos (CRO) $ 0.131927 1.53%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.41687 5.64%
dai
Dai (DAI) $ 1.00 0.04%
kaspa
Kaspa (KAS) $ 0.133519 9.97%
okb
OKB (OKB) $ 56.24 4.12%