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The U.S. House passed the Ukraine Support Act, authorizing aid and loans for Kyiv while adding new sanctions on Russia.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. House passed the Ukraine Support Act in a 226 to 195 vote,
00:08with 18 Republicans and one independent joining Democrats to approve the measure,
00:13according to Reuters. The bill authorizes more than $1 billion in direct assistance for Kiev
00:18and up to $8 billion in support through direct loans. It also imposes sanctions and export
00:24controls on Russia, targeting financial institutions, oil, mining, and Russian officials.
00:30The legislation includes measures to help Ukraine rebuild after the war.
00:33President Trump would likely veto the bill, even if it passed the Senate.
00:37For all things money, visit Benzinga.com.
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