Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. The measure now goes to President Biden, who is expected to sign the bill. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. (Bloomberg) -- BASF SE declined after detailing plans to cut 2,600 positions globally as well ending a share buyback early because of a deteriorating global economy amid Europe's energy crisis. WASHINGTON The Senate overwhelmingly approved on Thursday a $40 billion emergency military and humanitarian aid package for Ukraine, moving quickly and with little debate to deepen the. "I mean, what needs to happen here is we need to get out of the business of nation building, and we need to get focused on deterring our most significant adversary, which is China," said Hawley, who says he still supports aid to Ukraine to defeat Russia, but not in such a massive quantity. American public is now starting to ask . The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. The new aid package also includes humanitarian assistance - $5 billion to address food insecurity globally due to the conflict and nearly $9 billion for an economic support fund for Ukraine. This documentary-style series follows investigative journalists as they uncover the truth. And $126.3 million would help to prepare for and respond to potential nuclear and radiological incidents in Ukraine, notable given the frequent saber rattling from Russian President Vladimir Putin over his countrys nuclear stocks. Mr. Biden asked Congress for $33 billion two weeks ago. GOP investigators have said they will keep an eye on where the money is going, while a faction of the party has called for aid to be drastically reduced. Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Stories from Ukraine Biden's approval rating has hit a new low Paul was likely to lose that vote and rejected the offer. Applicants are also required to detail their engagement with labor unions, schools and work force education programs, with preference given to projects that benefit communities and workers. Chips for America will provide $11 billion for research into new chip technologies. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. Critics have argued that the federal government may not be the best judge of winners and losers. Musks TeslaMaster Plan Lacks Drive. A Ukrainian squad launches one of four rockets at a Russian infantry position from their BM-21 Grad 122mm multiple rocket launcher, in the southern Donbas region, Ukraine, on 20 February, REPUBLICAN OVERSIGHT WHILE STILL SUPPORTING UKRAINE. The bill still must be passed by the House and Senate and signed by Biden, but should it happen by years end, total U.S. military, humanitarian and economic assistance to Ukraine will tick past more than $110 billion in 2022. The House voted 368-57 on Tuesday to approve the measure. The bill passed 368 to 57. 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He added, "It is more than any other country spends on their entire military expendituresour total aid to Ukraine will almost equal the entire military budget of Russia.". Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. The total is by far the biggest of all Western allies, with the UK in second giving $5.1 billion since the start of the invasion and the EU handing over $3.3billion. 'It is critical that government agencies administering these funds ensure they are used for their intended purposes to prevent and reduce the risk of waste, fraud, and abuse. articles a month for anyone to read, even non-subscribers! Greg Nash/Pool via AP, File. In addition to $6 billion for security assistance like training and weapons, the legislation includes $8.7 billion to replenish U.S. stocks of equipment sent to Ukraine . Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. This bill will protect democracy, limit Russian aggression, and strengthen our own national security, while, most importantly, supporting Ukraine, Democratic Representative Rosa DeLauro, who chairs the House Appropriations Committee, said as she urged support for the spending package. U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . Biden had called on Congress to move quickly so he could sign the bill into law before existing defense aid for Ukraine runs out later in May. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. With these decisions ahead, it is worth reviewing how much aid there has been, what that . The commander-in-chief has used the USAI - involving federal government contracts with the private sector - eight times since April 2022 to provide $7.2 billion in support. House appropriators released a $39.8 billion Ukraine aid bill that directs half of its largesse to the Pentagon and U.S. arms makers. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . TSMC, which produces most of the worlds leading-edge chips, has been busy expanding in Arizona, while No. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Trans teacher with prosthetic Z-cup breasts is FINALLY put on leave after it was revealed they don't wear them outside of school - as parents line up to criticize school board at meeting, Charles is evicting Harry and Meghan from Frogmore Cottage so problems with the Sussexes and Prince Andrew 'can be put to bed' following his Coronation in May, More than a DOZEN whistleblowers came forward to claim Hunter Biden was involved in criminal activity, Republican Senator reveals for the first time during grilling of AG Merrick Garland, Is air travel going to get even MORE expensive? Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. The Senate is expected to hold a final passage vote on the bill later this week, requiring just 60 votes, and then it would head to President Biden's desk. This involves delivering supplies from the U.S. military's own arsenal. 01 Mar 2023 12:40:33 The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. This would also be the fourth package for Ukraine, with a $13.6 billion tranche given in March, a $40 billion package passed in May and another $12.3 billion attached to a continuing resolution passed in September. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. If the defense of Ukraine is really in our national security interest, shouldnt their gift come from our military budget?". Paul, who unsuccessfully sought his party's 2016 presidential nomination, argued that the added spending was more than the U.S. spends on many domestic programs, was comparable to Russia's entire defense budget and would deepen federal deficits and worsen inflation. Powered and implemented by FactSet Digital Solutions. Why it matters: The deal, which is billions more than the $33 billion the White House initially requested, is slated for quick passage after Democrats agreed to . The Commerce Department said it would look closely at companies that applied for funding, to try to ensure that they were not being given more taxpayer dollars than they needed. Two months ago, only three GOP House members voted against a separate security package. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. "My oath of office is to the U.S. Constitution, not to any foreign nation," Paul, who has been leading on this issue, tweeted Thursday after he single-handedly delayed a unanimous consent request to move the bill forward. But chip makers have already announced billions of dollars in plans for new investments around the United States. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. The extra funding comes after the administration pressed lawmakers to pass more supplemental funding for Kyiv in the omnibus, specifically finding crossroads with House Republicans who have voiced support for the extra dollars and Senate Minority LeaderMitch McConnell (R-Ky.), who has continuously championed assistance to Ukraine. @POTUS, @SecBlinken, @SenateGOP, @SenateDems and American people were in strong support, and @RandPaul delayed so much needed support,Dymtro Kuleba, Ukraines minister of foreign affairs,wroteon Twitter at the time. Mutual Fund and ETF data provided by Refinitiv Lipper. (Ukrainian Presidential Press Office via AP). Updated on: May 13, 2022 / 9:11 AM The House passed the Ukraine spending bill by 368 to 57, with every no vote coming from Republicans. 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