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US Senate passes $95bn in aid for Ukraine, Israel and Taiwan

2024/04/24/08:45
in Financial insights, Ukraine
Reading Time: 5 mins read
245 7
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Drones are key to gain advantage over Russia, Ukraine army chief says

A Ukrainian serviceman launches a mid-range reconnaissance drone type Vector for flying over positions of Russian troops, amid Russia's attack on Ukraine, near the town of Bakhmut in Donetsk region, Ukraine March 12, 2024

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The Senate, in a bipartisan super-majority, overwhelmingly voted to advance the measure, which Joe Biden is expected to sign

The Senate, in a bipartisan super-majority, overwhelmingly voted to advance the measure, which Joe Biden is expected to sign

Lauren Gambino in Washington and Joan E GreveWed 24 Apr 2024 03.48 CESTShare

The US Senate voted resoundingly on Tuesday to approve $95bn in aid for Ukraine, Israel and Taiwan, as a bipartisan super-majority united to send the long-stalled package to Joe Biden’s desk for signature. The final vote was 79 to 18.

The bill easily cleared a key procedural hurdle earlier in the day. The Senate overwhelmingly voted to advance the measure in a step hailed by the majority leader as “one of the greatest achievements the Senate has faced in years”.

“Today the Senate sends a unified message to the entire world: America will always defend democracy in its hour of need,” said Chuck Schumer in a floor speech on Tuesday afternoon.

“Make no mistake, America will deliver on its promise to act like a leader on the world stage, to hold the line against autocratic thugs like Vladimir Putin,” he continued. “We are showing Putin that betting against America is always, always a grave mistake.”

After months of delays and setbacks, the House last week approved four bills to rush funding to three American allies while approving a conservative proposal that could lead to a nationwide ban of the social media platform TikTok. The measures were combined into one large package that the Senate approved on Tuesday.

The legislation includes $60.8bn to replenish Ukraine’s war chest as it seeks to repel Russia from its territory; $26.3bn for Israel and humanitarian relief for civilians in conflict zones, including Gaza; and $8.1bn for the Indo-Pacific region to bolster its defenses against China.

Reacting to the funding for Taiwan, China said it urged the US to fulfil its commitment to not support “Taiwan independence” with concrete actions, and stop arming it in any way, a spokesperson for its Taiwan Affairs Office said.

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Taiwan’s military said on Sunday it intended to discuss with the US how to use the money.

Israel’s foreign minister, Israel Katz, also reacted to its portion of the funding, saying it sent a “strong message” to the country’s enemies.

In a call on Monday, Biden informed the Ukrainian president, Volodymyr Zelenskiy, that he would “move quickly” to send desperately needed military aid, including air defense weaponry, to the country after the bill’s passage by the Senate.

In a move to bolster Republican support, the GOP-controlled House added a provision that would see TikTok blocked in the US unless its Chinese-owned parent company divests from the social media platform within a year. Much of the foreign aid section of the bill mirrors what the Senate passed in February, with the addition of a measure mandating the president seek repayment from Kyiv for roughly $10bn in economic assistance in the form of “forgivable loans”, an idea first floated by Donald Trump, who was initially opposed to aiding Ukraine.

Although the foreign aid package largely resembles the measure passed by the Senate in February, several Republican senators who voted against it then reversed course and on Tuesday gave their approval.

Among them was Lindsey Graham, a longtime defense hawk who previously opposed the Senate’s foreign aid package because it wasn’t paired with border legislation but on Tuesday voted to advance it. After a visit to Ukraine earlier this year, Graham endorsed Trump’s loan plan and has since pointed to Iran’s aerial attack on Israel as a reason send aid to the country.

“Israel needs the US Senate now. No excuses,” Graham wrote on X before voting to advance the bill.

The Senate’s passage of the aid package caps a tortured odyssey on Capitol Hill that began last year with a request for the White House for a fresh round of funding for Ukraine and for Israel, reeling from the 7 October cross-border attack by Hamas.

Despite broad congressional support, the effort almost immediately stalled as a faction of Republicans, increasingly skeptical of US involvement in foreign entanglements, resisted sending more aid to Ukraine. Conservatives began insisting that any funding to foreign countries be paired with legislation aimed at stemming the rise of people arriving at the US-Mexico border.

When a bipartisan border and national security bill negotiated in the Senate collapsed, Schumer proceeded to move forward with a vote on the foreign aid bill up for a vote. It passed overwhelmingly in a 70-29 vote in February, but had no clear path forward in the Republican-controlled House, where the new speaker, Mike Johnson, dithered as Ukraine suffered battlefield losses.

Personal entreaties from Biden, congressional leaders and European heads of state, participation in high-level intelligence briefings as House speaker, and prayer eventually persuaded Johnson to act. The decision may come at a political cost: his job.

“History judges us for what we do,” Johnson said at an emotional press conference last week, after a bipartisan coalition of lawmakers passed the aid package by lopsided margins.

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In remarks on Tuesday, Schumer praised Johnson, who he said “rose to the occasion”, as well as Mitch McConnell, the Republican Senate leader with whom the Democrat said he had worked “hand in hand and shoulder to shoulder to get this bill done”.

“A lot of people inside and outside the Congress wanted this package to fail,” Schumer said. “But today those in Congress who stand on the side of democracy are winning the day.”

McConnell has made funding Ukraine’s war effort a legacy-building quest, after announcing his decision to step down as the long-serving Senate Republican leader. In a lengthy floor speech on Tuesday, McConnell confronted the strain of “America first” isolationism favored by Trump and his loyalists in Congress that is rife and growing within the Republican party.

“Today’s action is overdue, but our work does not end here,” he said. “Trust in American resolve is not rebuilt overnight. Expanding and restocking the arsenal of democracy doesn’t just happen by magic.”

Source: The Guardian

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