July 12, 2022

USA: Biden And Commie Democrats Announce They're Sending $1.7 Billion Additional Aid To Ukraine To Pay Health Care Workers. Biden Has Sent $7.3 BILLION Total To Ukraine Since February

WDSU NBC6 News, New Orleans local
written by Fatima Hussein, Associate Press
Tuesday July 12, 2022

Ukraine is getting an additional $1.7 billion in assistance from the U.S. government and the World Bank to pay the salaries of its beleaguered health care workers and provide other essential services.

The money coming Tuesday from the U.S. Agency for International Development, the Treasury Department and the World Bank is meant to alleviate the acute budget deficit caused by Russian President Vladimir Putin's "brutal war of aggression," USAID said in a statement.

While many medical staffers have left Ukraine, some hospitals have shut down and other hospitals have been bombed. The health workers who remain in Ukraine do their jobs under dire circumstances.

Viktor Liashko, Ukraine's minister of health, said paying health workers' salaries is becoming more difficult each month "due to the overwhelming burden of war."

"$1.7 billion is not just yet another financial support; it is an investment that makes us a step closer to victory," Liashko said in a statement.

To date, USAID has given $4 billion in budgetary support to the Ukrainian government. These funds have been used for keeping gas and electricity flowing to hospitals and schools, getting humanitarian supplies to citizens and paying the salaries of civil servants and teachers, the organization said.

USAID Administrator Samantha Power said that as Putin's "assault on Ukraine's public services continues, the United States is rushing in with financial support to help the government keep the lights on, provide essential services to innocent citizens and pay the health care workers who are providing lifesaving support on the frontlines."

Last week, the Biden administration said it will send another $400 million in military equipment to Ukraine, the 15th package of military weapons and equipment transferred to Ukraine from Defense Department stocks since last August.

This new set of funds will be used for humanitarian purposes.

"This aid will help Ukraine's democratic government provide essential services for the people of Ukraine," Treasury Secretary Janet Yellen said in a written statement.

Yellen said the money would "reach those who need it most at the front lines of Putin's brutal and illegal war."

Overall, the U.S. has sent about $7.3 billion in aid to Ukraine since the war began in late February.

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Bloomberg News
written by Alberto Nardelli, Jorge Valero, and Daryna Krasnolutska
Monday July 4, 2022

Ukraine has indicated that it needs $60 billion-$65 billion this year to meet its funding requirements, billions more than its allies have so far been able to pledge.

The amount needed immediately includes so called macro-financial stability assistance for emergency budget funding and logistics infrastructure projects. The figure, which excludes defense and security spending, is part of a larger blueprint for the nation’s longer term reconstruction, which is estimated to exceed $750 billion and was unveiled at a conference in the Swiss city of Lugano on Monday.

The recovery plan includes three stages extending over the next decade that start with rebuilding critical infrastructure this year. It eventually envisions restoring the buildings, housing and other property destroyed in the fighting and strengthening public services, and finally using investment to create a modern Ukrainian economy.

“Right after the war is over and Ukraine achieves victory, we need to implement thousands of rebuilding projects,” Prime Minister Denys Shmyhal told the conference.

The International Monetary Fund had previously said Ukraine needed about $5 billion every month to cover essential services and keep its economy afloat. The IMF estimates that Ukraine’s budgetary gap for this year is around $39 billion.

It’s unclear how Ukraine’s allies will be able to cover that level of spending, especially as they increasingly have to deal with rising inflation at home and the threat of Russia cutting energy supplies. Group of Seven leaders meeting in Germany said last week their nations have pledged as much as $29.5 billion in financial and economic support this year.

The European Union proposed providing 1 billion euros ($1 billion) last week in short-term financial relief, as Germany continues to hold up support for a larger 9 billion euro package. The EU funds will come on top of a previous credit line of 1.2 billion euros given to Kyiv earlier this year.
UPDATE 7/12/22 at 5:39pm: Added info below.

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