Urgent Warning: US Funds for Ukraine Depleting Rapidly

World » UKRAINE | December 4, 2023, Monday // 16:16
Bulgaria: Urgent Warning: US Funds for Ukraine Depleting Rapidly

White House Budget Director Shalanda Young cautioned congressional leaders about dwindling funds for Ukraine in a letter to House Republican Speaker Mike Johnson. The allocated money for Ukraine assistance requested in October, around $106 billion, remains pending in the Republican-controlled House of Representatives.

Young emphasized that the depletion of resources and halting the flow of weapons to Ukraine would heighten the likelihood of Russian advancements in the conflict. She clarified that without congressional action, by year-end, the budget to procure weapons and equipment for Ukraine would be exhausted, emphasizing the lack of available funding for this purpose.

Earlier in the summer, the European Commission also revealed its depletion of financial aid options for Ukraine and proposed an update to the EU's long-term budget, aiming for 50 billion euros by 2027. European leaders plan to address this matter at their summit in Brussels later this month.

Read more from 649th day of the war in Ukraine.

Ukraine » Be a reporter: Write and send your article
Tags: US, Congress, Ukraine, White House

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria