Today, President Joe Biden formally asked Congress for $33 billion to fund both humanitarian and military aid to Ukraine through September of this year.
Of the $33 billion, $20.4 billion is requested as additional security and military assistance for Ukraine in the form of weapons, ammunition and other assistance. $8.5 billion is requested in direct economic assistance to the Ukrainian economy, which will help fund Ukraine’s government, support food, energy and health care services for Ukrainian people. $3 billion is requested in traditional humanitarian aid, which includes aid to people outside Ukraine who have been affected by the stalling export of goods from Ukraine.
This money is likely to come in the form of direct financial assistance, a relatively rare form of international aid.
President Biden also sent Congress a proposal to change current laws to make it a crime to possess proceeds directly obtained from corrupt dealings with the Russian government. This change is key to giving U.S. officials the legal basis to sell the seized assets of sanctioned Russian oligarchs.
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