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    MarketForces Africa » MarketForces News » U.S. Senate Approves Ukraine Aid Package

    U.S. Senate Approves Ukraine Aid Package

    Julius AlagbeBy Julius AlagbeFebruary 13, 2024 News No Comments2 Mins Read
    U.S. Senate Approves Ukraine Aid Package
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    U.S. Senate Approves Ukraine Aid Package

    The U.S. Senate has approved a 95.3 billion dollar aid package for Ukraine, Israel and Taiwan after many weeks of negotiations.

    The bill has passed 70 to 29 in the Democratic-led chamber.

    However, the Republican-controlled House of Representatives is far from certain, as former president and 2024 frontrunner Donald Trump had urged Republicans to avoid passing legislation.

    Trump said that this would give President Joe Biden a chance to claim a legislative victory.

    The two politicians are likely to battle for the presidency, once again in November.

    The United States has considered Ukraine’s most important ally in the defence against the Russian invasion, since the start of the war in February 2022.

    The Biden administration has provided or pledged military aid totalling more than 44 billion dollars for Kiev.

    The aid package passed by the Senate includes around 60 billion dollars in aid for Ukraine, the majority of which is earmarked for military support.

    This was roughly the amount that Biden had originally requested.

    The draft also includes 14 billion dollars for Israel as well as billions in aid for Taiwan and other partners in the Indo-Pacific. #U.S. Senate Approves Ukraine Aid Package#

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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