It’s DONE….
Things ARE flowing to Ukraine ALREADY….
President Biden and the countries involved get a ‘W’s’……
And TikTok gets deadline for becoming a American company….
President Biden signed a bipartisan foreign aid package Wednesday that includes billions for Ukraine, Israel and Taiwan as well as a provision that could lead to a potential TikTok ban.
Why it matters: The law comes months after Biden first requested emergency funding to respond to ongoing crises in Gaza and Ukraine and to counter looming threats from China in the Indo-Pacific.
- With the bill signed, the Pentagon is poised to rush ammunition and air defenses to Ukraine.
- Biden said shipments to Ukraine would start “in the next few hours.”
- The president said the U.S. will “surge” food, water, medical supplies and other aid to Gaza, adding that Israel “must make sure all this aid reaches Palestinians in Gaza without delay.”
State of play: The Ukraine portion of the package provides around $23.2 billion for the U.S. military to replenish stocks of weapons provided to Ukraine and $13.8 billion for Kyiv to purchase weapons.
- It will allow the Pentagon to transfer about $7.8 billion in additional military hardware to Ukraine.
- Another $9 billion will be for “forgivable loans” for Kyiv.
It includes $26 billion for Israel and humanitarian relief for people in Gaza and other conflict zones.
- About $4 billion will go toward replenishing Israel’s missile defense systems and additional weapon purchases.
- $9.5 billion will provide humanitarian aid for civilians in conflict zones, including those in Gaza and Ukraine.
- And around $2 billion was set aside for weapons purchases for Taiwan and other U.S. allies in the Pacific…..
image….President Biden at the White House on April 23. Photo: Ting Shen/Bloomberg via Getty