Biden signs bill that aims to streamline U.S. military aid to Ukraine

Biden signs bill that aims to streamline U.S. military aid to Ukraine


U.S. President Joe Biden signs an executive order to prohibit trade and investment between U.S. individuals and the two breakaway regions of eastern Ukraine recognized as independent by Russia, at the White House in Washington, U.S., February 21, 2022.

The White House | Reuters

WASHINGTON — President Joe Biden signed a bill Monday that will streamline the lengthy process of supplying Ukraine with the military equipment needed for the fight against Russia.

“I’m signing a bill that provides another important tool that directly supports the government of Ukraine and the Ukrainian people and their fight to defend their country and their democracy against Putin’s brutal war,” Biden said from the Oval Office.

“The cost of the fight is not cheap, but caving to aggression is even more costly,” Biden added.

Biden’s signature on the Ukraine Democracy Defense Lend-Lease Act of 2022 will make it easier for the U.S. to lend or lease military aid to allies affected by Russia’s invasion of Ukraine. Biden already has some power to lend or lease equipment, but the legislation he will sign into law will ease some of the requirements for doing so.

Under the measure, Ukraine can request streamlined transfers of U.S. weapons and other security assistance. The U.S. will get guarantees that the country will replace or reimburse the assets at a later date.

Monday’s legislation evokes the “Lend-Lease Act,” through which the U.S. supported allies, including the Soviet Union, during World War II.

On Friday, the Biden administration announced a new weapons package for Ukraine worth $150 million.

The latest military aid package, the ninth security assistance installment, brings the U.S. military aid commitment to $3.8 billion since Moscow invaded its neighbor in late February.

The $150 million pledged on Friday comes from the remaining $250 million in presidential drawdown authority, which allows the president to transfer excess weapons from U.S. arsenals without congressional approval.

Last month, Biden requested $33 billion from Congress after he exhausted his remaining drawdown authority. He reiterated his request on Friday.

He said that for Ukraine to succeed against Russia, the U.S. and its allies must continue to move weapons and ammunition into the country.



Source

Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes
World

Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes

Here are the opening calls for the day Happy mid-week from Singapore. Asia markets are set for a mostly higher open. Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17. Futures for […]

Read More
Stock futures are little changed after market returns to record highs: Live updates
World

Stock futures are little changed after market returns to record highs: Live updates

Traders work at the New York Stock Exchange on August 12, 2025. NYSE Stock futures are little changed Tuesday night as investors look ahead to inflation data due later this week. Futures tied to the Dow Jones Industrial Average dropped 13 points, or less than 0.1%. S&P futures fell 0.04%, while Nasdaq 100 futures were […]

Read More
Do Kwon pleads guilty to U.S. fraud charges in  billion crypto collapse
World

Do Kwon pleads guilty to U.S. fraud charges in $40 billion crypto collapse

Do Kwon, a South Korean cryptocurrency executive charged with fraud, stands with his attorney David Patton to plead guilty in front of U.S. District Judge Paul Engelmayer in New York City, New York, U.S., August 12, 2025 in this courtroom sketch. Jane Rosenberg | Reuters Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital […]

Read More