Shalanda Young is the director of the United States Office of Management and Budget. She sent an open letter to the leaders of the U.S. Senate and House of Representatives. Young said if the current budget measure is rejected, U.S. military aid to Ukraine would be gone by the end of ...
At the beginning of the war, Ukraine resorted to having the central bank print new money, a dangerous stopgap because it can fuel inflation and destroy the value of the country's hryvnia currency. As donor contributions became more regular and predictable, Ukraine was able to halt the practic...
Ukraine’s central bank iscracking down on digital money transfers, as Russian forces lay siege across the country. The National Bank of Ukraine has ordered electronic money (e-money) issuers to suspend the issuance of e-money and the replenishment of electronic wallets with e-money....
Frustrated that Russia has been able to continue to finance its war against Ukraine, Republican Sen. Jim Risch of Idaho calls the idea of seizing Russian bank assets for Ukraine's benefit a "big hammer" that could finally push Russia to negotiate a ceasefire. "We must be willing to put th...
Ukraine’s allies and western businesses will be told to stop flow of critical components Save Wednesday, 10 April, 2024 US presidential election 2024 Trump megadonor John Paulson warns against ‘decoupling’ from China Hedge fund billionaire is considered possible pick for Treasury secretary Save...
Congress has the “power of the purse”, making it impossible under the US Constitution for Biden to appropriate new money for Ukraine on his own. He can draw down existing US stockpiles, but those weapons are running short and many are needed for other contingencies. ...
A prominent Russian business source who spoke to CNBC on the condition of anonymity echoed those sentiments. "The money that Ukraine gets from the EU will go straight to payments for gas," he said. "So, that money will 100 percent end up back in Russia," the source said. ...
If Kyiv gets the money, Ukraine can push back on Russian positions. If it doesn’t, Ukraine will have to prioritize defending what it has. But when asked about the former president, the Ukrainian leader answered with clear alarm about what he’s hearing....
This is the second time in less than nine months that the Pentagon has “found” money to use for additional weapons shipments to Ukraine. Last June, defense officials said they had overestimated the value of the weapons the U.S. had sent to Ukraine by...
“One year later, Kyiv stands. And Ukraine stands. Democracy stands,” the American president said as he stood next to Ukrainian leader Volodomyr Zelensky during his surprise visit to the Ukrainian capital, where life has returned more or less to normal since the initial Russian onslaught. Insi...