Dec 8, 2023
The U.S. is rapidly running out of funds to support Ukraine in its ongoing conflict with Russia, and the White House is pressing Congress to approve more money before the year’s end.
“Cutting off the flow of U.S. weapons and equipment will kneecap Ukraine on the battlefield,” wrote Shalanda Young, the director of the White House Office of Management and Budget, in a letter to House Speaker Mike Johnson on Dec. 4.
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“There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time,” Young wrote.
How much has the US already provided in aid?
Last year, Congress passed four spending packages — approving about $113 billion — in aid to Ukraine after Russia’s full-scale invasion on February 24.
This included $67 billion in military procurement funding, over $27 billion for economic and civilian security assistance and $10 billion for humanitarian needs. Young says nearly all of it has been used up since, except for about 3% in military aid.
The Biden administration recently said it has supplied about $44.2 billion in military assistance to the embattled nation since February last year, or more than $47 billion since Russia’s initial invasion in 2014.
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Biden's request rejected
Earlier this week, Republicans blocked President Biden's $110 billion emergency spending bill that included $61 billion for Ukraine. They have made clear they will not support further military aid to the country unless the White House agrees to border security reforms.
“Senate Republicans know this isn’t an either-or proposition. We know that national security begins with border security,” said Senate Minority Leader Mitch McConnell.
Biden's military aid package does include funding to improve border security, but Republicans are seeking bigger policy changes.
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Serah Louis is a reporter with Moneywise.com. She enjoys tackling topical personal finance issues for young people and women and covering the latest in financial news.
