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Biden administration seeks $32.5 billion in Ukraine and COVID aid -reports By Reuters

by Trading How
March 3, 2022
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Biden administration seeks $32.5 billion in Ukraine and COVID aid -reports
© Reuters. U.S. President Joe Biden speaks to reporters upon his departure from the White Home on Ash Wednesday, in Washington, D.C., U.S., March 2, 2022. REUTERS/Kevin Lamarque/File Photograph

WASHINGTON (Reuters) – U.S. President Joe Biden’s administration is in search of $32.5 billion in further funding from Congress to assist Ukraine and bolster the U.S. COVID response, U.S. media reviews mentioned on Thursday.

The White Home is in search of $10 billion to assist prepare Ukraine’s navy, shield its electrical grid, increase its cyberdefenses and implement sanctions, the Washington Publish reported, citing two individuals conversant in the matter.

One other $22.5 billion would go towards shoring up the nations pandemic response as a part of the nation’s shift towards managing COVID-19 long-term and getting ready for any potential new variants and spikes in circumstances, the Publish mentioned, additionally citing a letter from the U.S. Workplace of Administration and Price range despatched to U.S. lawmakers it had obtained.

The White Home will formally ask Congress for the emergency funding in a while Thursday, it added. The Punchbowl Information media outlet additionally reported on the deliberate funding request.

Representatives for the White Home didn’t instantly reply to a request for touch upon the reviews.

Disclaimer: Fusion Media want to remind you that the info contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not supplied by exchanges however fairly by market makers, and so costs will not be correct and will differ from the precise market value, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm because of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding types potential.



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