President Joe Biden will ask Congress for $33 billion to fund both humanitarian and military aid to Ukraine through September of this year, senior administration officials said Thursday.
The massive aid package will be accompanied by a proposal to Congress that it amend several longstanding criminal laws to make it easier for the U.S. to seize the assets of sanctioned Russian oligarchs, sell the seized property and funnel the proceeds to the Ukrainians.
The $33 billion includes a request for $20.4 billion in additional security and military assistance for Ukraine as well as additional money to fund U.S. efforts to bolster European security in cooperation with NATO allies.
The administration said that $20.4 billion is designed to equip Kyiv and European partners with additional artillery, armored vehicles and anti-armor and anti-air capabilities, accelerate cyber capabilities and advanced air defense systems, and help clear landmines and improvised explosive devices.
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#CNBC #CNBCTV LIVE: Biden speaks in support of Ukrainians defending their country against Russia's war — 4/28/22
By: CNBC Television Title: LIVE: Biden speaks in support of Ukrainians defending their country against Russia's war — 4/28/22 Sourced From: www.youtube.com/watch?v=WDmvpratIuo
