Ukraine Recap: Biden Worries That US House Turmoil Endangers Aid
(Bloomberg) – Funding for Ukraine after removal of US representative. Kevin McCarthy faces new obstacles in Congress after hard-line Republicans opened the door to blocking the next round of aid to Kyiv. President Joe Biden said he was “concerned” that the House impasse threatened additional funding and planned to give a “major speech” about the need for more aid.
Most Read on Bloomberg
But Senate Majority Leader Chuck Schumer said he was working with fellow Republican Mitch McConnell on Ukraine aid. British Defense Minister Grant Shapps told Bloomberg TV he would work with NATO allies and other world leaders to ensure aid continued.
Leaders of nearly 50 European countries will seek to show unity in support of Ukraine when they meet in Spain this week, as concerns grow over the reliability of US funding and Moscow's new ally on the continent after Robert Fico. Pro-Russian candidate wins election in Slovakia.
Final cover
Biden said he planned to give a "big speech" about the need for help for Ukraine.
After the weakening of the benchmark by the Central Bank of Ukraine, the Central Bank of Ukraine became more active in the foreign exchange market.
American artillery attacks are frequent against troops fighting in the war in Ukraine.
Britain will work with its NATO allies to help Ukraine, Shapps said.
Russia bans flights over the region bordering Ukraine
Market
However, oil remains under pressure following the collapse of global financial markets, with Saudi Arabia and Russia confirming they will continue production cuts until the end of the year.
Happen.
European Union leaders on Thursday in Granada, Spain, at the European Political Community meeting
EU leaders will attend an informal EU summit in Grenada on Friday.
The Nobel Peace Prize was awarded on Friday by the Norwegian Nobel Institute.
NATO Parliamentary Assembly in Copenhagen starts Friday
Most people read Bloomberg Businessweek.
©2023Bloomberg L.P