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Biden: 'We're Out Of Money' For Ukraine

WHITE HOUSE
Political RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangeUSPolitical Market News

US President Joe Biden is currently delivering remarks on new measures to support Ukraine. Livestream here: https://www.youtube.com/watch?v=qfVc4G506UI

  • Biden: 'I just signed a request to Congress' 'We need this bill to support Ukraine.'
  • Biden: 'The cost of this fight is not cheap.' 'Ukraine needs arms, funding, ammunition. It is critical this funding gets approved as quickly as possible.'
  • Biden: 'I said I would impose powerful sanctions on Russia but we are not attacking Russia, we are helping Ukraine defend itself.'
  • From NYT: 'President Biden asked Congress for USD$33 billion more for Ukraine. He also wants to use seized assets from Russian oligarchs to provide more help.'
  • The request is considerably higher than the USD$13 billion approved by Congress last month and demonstrates that the Biden administration expect a long and drawn out war.
  • Biden says that the US has exhausted the funds available through presidential drawdown authority.
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US President Joe Biden is currently delivering remarks on new measures to support Ukraine. Livestream here: https://www.youtube.com/watch?v=qfVc4G506UI

  • Biden: 'I just signed a request to Congress' 'We need this bill to support Ukraine.'
  • Biden: 'The cost of this fight is not cheap.' 'Ukraine needs arms, funding, ammunition. It is critical this funding gets approved as quickly as possible.'
  • Biden: 'I said I would impose powerful sanctions on Russia but we are not attacking Russia, we are helping Ukraine defend itself.'
  • From NYT: 'President Biden asked Congress for USD$33 billion more for Ukraine. He also wants to use seized assets from Russian oligarchs to provide more help.'
  • The request is considerably higher than the USD$13 billion approved by Congress last month and demonstrates that the Biden administration expect a long and drawn out war.
  • Biden says that the US has exhausted the funds available through presidential drawdown authority.