DIPLOMATIC ECONOMY

President Biden Signs US$40 Billion Ukraine Aid Package During Asia Trip

FILE - President Joe Biden waves as he boards Air Force One for a trip to South Korea and Japan, on May 19, 2022, at Andrews Air Force Base, Md. China is holding military exercises in the disputed South China Sea coinciding with U.S. President Joe Biden’s visits to South Korea and Japan that are largely focused on countering the perceived threat from China. (AP Photo/Gemunu Amarasinghe, File)
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President Biden on Saturday signed legislation to support Ukraine with an additional US$40 billion in US assistance as the Russian invasion approaches its fourth month.

The legislation, which was passed by Congress with bipartisan support, deepens the US commitment to Ukraine at a time of uncertainty about the war’s future. Ukraine has successfully defended Kyiv, and Russia has refocused its offensive on the country’s east, but American officials warn of the potential for a prolonged conflict.

The funding is intended to support Ukraine through September, and it dwarfs an earlier emergency measure that provided US$13.6 billion.

The new legislation will provide US$20 billion in military assistance, ensuring a steady stream of advanced weapons that have been used to blunt Russia’s advances. There’s also US$8 billion in general economic support, US$5 billion to address global food shortages that could result from the collapse of Ukrainian agriculture and more than US$1 billion to help refugees.

Biden signed the measure under unusual circumstances. Because he’s in the middle of a trip to Asia, a US official brought the bill on a commercial flight to Seoul for the president to sign, according to a White House official.

The logistics reflect a sense of urgency around continuing US support for Ukraine, but also the overlapping international challenges facing Biden. Even as he tries to reorient American foreign policy to confront China, he’s continuing to direct resources to the largest conflict in Europe since World War II.

Biden also signed an unrelated measure, one intended to increase access to baby formula at a time when supplies remain scarce in the United States. The legislation will allow government benefits from the Special Supplemental Nutrition Programme for Women, Infants, and Children — better known as WIC — to be used to buy more types of infant formula.

https://time.com

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