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3 Mar 2022

Biden Administration Pursues $32.5 Billion Support to Fund Ukraine Crisis and COVID-19 Initiatives

Biden Administration Pursues $32.5 Billion Support to Fund Ukraine Crisis and COVID-19 Initiatives

The Index Today

The Biden administration is looking to obtain an extra $32.5 billion in funding from Congress to support their initiatives in tackling the Ukraine-Russia tensions and the ongoing COVID-19 pandemic, according to Reuters.

The Washington Post reported that the U.S. plans to utilize $10 billion in funding to aid Ukraine in bolstering their military and enhancing their cyber-defense sector, while also imposing sanctions against Russia. The remaining $22.5 billion of the total fund will be used to support the nation’s resources to counter the COVID-19 pandemic.

The Post also revealed that the White House is set to present the official request before Congress on Thursday.

©Photo: Financial Times