The US Congress and the IMF release funds. Kyiv will spend them on military and humanitarian purposes.
Money, sinews of war. The expression takes on its full meaning in tragic circumstances. On the fourteenth day of the Russian offensive in Ukraine, the US House of Representatives passed an aid envelope of $13.6 billion on Wednesday evening, as part of a $1.5 trillion all-out spending package. Democrats and Republicans have united to earmark these funds. Half is for humanitarian aid and economic support. The other will finance military equipment.
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For its part, the International Monetary Fund (IMF) released 1.4 billion dollars as part of its “rapid financing instrument”. This envelope should allow the Ukrainian state to meet immediate needs and should have a knock-on effect for aid provided by other international institutions or states, says the IMF.
Thursday, at the end of the Governing Council of the ECB, Christine Lagarde indicated that she was studying “tools” in order to facilitate…
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