Secretary of State Antony Blinken announced $1.3 billion in new economic aid for Kyiv at a meeting on Ukraine’s reconstruction held in London, known as the Ukraine Recovery Conference.
According to the State Department, the $1.3 billion will go toward “general economic assistance, assistance to repair and modernize Ukraine’s energy infrastructure, and support for Ukraine’s commitment to energy sector reforms.”
The $1.3 billion is being drawn from spending Congress has already authorized for the Ukraine war, which at this point totals $113 billion. The State Department said that the new aid is in addition to the $63 billion in US assistance provided to Ukraine since February 24, 2022.
Of that $63 billion, more than $40 billion was military aid, although the Pentagon claimed on Tuesday that it overvalued weapons it sent to Ukraine by $6.2 billion, freeing up more funds to arm Kyiv. The $63 billion also includes $2.1 billion in humanitarian assistance and $19.3 billion in direct budgetary aid, which funds the Ukrainian government.
At the conference in London, the EU also pledged $54.5 billion in long-term reconstruction support for Ukraine that’s intended to be provided from 2024-2027. The pledges are just a fraction of the $411 billion the World Bank estimates is needed to rebuild Ukraine.
The EU is also looking to use frozen Russian central bank assets to fund Ukraine’s reconstruction, which would be an unprecedented move. The idea would be to invest over $200 billion in Russian funds the EU controls and send the profits to Ukraine.
The printing presses must be working overtime…………………………………
……………………………………………………………………………………………………..
……………………………………………………………………………………………………..
Billyuns for Ukraine, but not one cent for their own citizens. Tell me again why Jan. 6 was supposed to be a crime?
We need a thousand fold of J6. Our “leaders” are hell bent on destroying everything
Warmonger in chief at it again. I think China is regretting letting him visit, despite rolling out the red carpet for him, all they got was an insult to Xi in the morning.
While I doubt that Xi was truly foolish enough to believe anything Blinken said this week, both sides put on a show to foster hope that the two nations might consider more cooperation and less confrontation. Then Biden called Xi a dictator. It would have been better to not have talked at all.
“Blinken Announces $1.3 Billion for Ukraine at Reconstruction Conference – The EU pledged $54.5 billion in long-term aid for 2024-2027”
Let’s just give every person in Ukraine $1 Billion and let them all emigrate to America through the southern border.
How are these monies distributed? Seems like a never ending cesspool…..
From the post above:
“The idea would be to invest over $200 billion in Russian funds the EU controls and send the profits to Ukraine.”
I wonder who the EU is planning to enrich with those funds and how much profit would actually be shared. Frankly, it sounds a bit like a plan to enrich a few friends while pretending to care about the people of Ukraine.
It’s obvious at this point that the USA has not been negotiating in good faith. We’ve broken every treaty and agreement we’ve ever signed. By way of deception we’ve made war for centuries. Blinken is just the latest example of this. He lies like he breaths. Both China and Russia are onto this deception. The rest of the world needs to dump the petrodollar and send our troops home where they belong. The end of an empire is never a pretty sight.
spending Congress has already authorized for the Ukraine war, which at this point totals $113 billion
that is a whole lot of lunches for school children. but it is only 1/8 of the annual pentagon budget which would buy a whole lot more school lunches
Who pays for the dam?
Or is that’s Russia’s problem as will everything be in what they will eventually hold?
Which means the worse Ukraine does in the current fighting the less money it will cost the West at the end.
Will Ukraine pay for that pipeline or will Germany?
Russia can always find customers so they won’t bother themselves even if they were allowed to get their welders out.
Seriously can I just get 1% of this money? I promise not to waste it.