https://sputnikglobe.com/20231003/ukraine-loses-two-thirds-of-its-revenues-as-us-funding-dries-up-1113873811.html
Ukraine Loses Two-Thirds of Its Revenues as US Funding Dries Up
Ukraine Loses Two-Thirds of Its Revenues as US Funding Dries Up
Sputnik International
Ukraine has lost $24 billion due to the US refusal to include aid to Kiev in its short-term spending bill, according to an analysis of the country's budget data.
2023-10-03T05:05+0000
2023-10-03T05:05+0000
2023-10-03T05:05+0000
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Ukraine has lost $24 billion because the US has refused to include aid to Kiev in its short-term spending bill, an analysis of the country's budget data shows.Last month, the White House asked the US Senate for $24 billion for Ukraine for the 2024 fiscal year, from 1 October 2023 to 30 September 2024. The Senate, however, proposed to allocate $4.5 billion for the Pentagon and $1.65 billion for the State Department to Ukraine.On Sunday, US President Joe Biden signed the bill passed by Congress, which will allow the continuation of government funding for 45 days - until 17 November. At the same time, the law does not provide for the allocation of funds for Ukraine. Ukraine has calculated that it needs about 1.33 trillion hryvnia, (approximately $36 billion), to get it through 2023, which means that the US shortfall has left it out of pocket for two-thirds of the year, ie for eight months and three days.Since February 2022, the US Congress has appropriated over $45 billion to the State Department and the US Agency for International Development (USAID) to support Ukraine's military operations, provide humanitarian assistance, and ensure the continuity of the government in Kiev.
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provide financial aid, ukraine has lost, short-term spending bill, aid to kiev
provide financial aid, ukraine has lost, short-term spending bill, aid to kiev
Ukraine Loses Two-Thirds of Its Revenues as US Funding Dries Up
On 30 September, US lawmakers excluded a rise in funding for Ukraine from the House version of the short-term spending bill.
Ukraine has lost $24 billion because the US has refused to include aid to Kiev in its short-term spending bill, an analysis of the country's budget data shows.
Last month, the White House asked the US Senate for $24 billion for Ukraine for the 2024 fiscal year, from 1 October 2023 to 30 September 2024. The Senate, however, proposed to allocate $4.5 billion for the Pentagon and $1.65 billion for the State Department to Ukraine.
On Sunday,
US President Joe Biden signed the bill passed by Congress, which will allow the continuation of government funding for 45 days - until 17 November. At the same time, the law does not provide for the allocation of
funds for Ukraine.
2 October 2023, 16:02 GMT
Ukraine has calculated that it needs about 1.33 trillion hryvnia, (approximately $36 billion), to get it through 2023, which means that the US shortfall has left it out of pocket for two-thirds of the year, ie for eight months and three days.
Since February 2022, the US Congress has appropriated over $45 billion to the State Department and the US Agency for International Development (USAID) to support Ukraine's military operations, provide humanitarian assistance, and ensure the continuity of the government in Kiev.
