Ukraine US Chamber approves new 40 billion aid what is

Ukraine, US Chamber approves new $40 billion aid: what is the law signed by Biden

The Escalation of Military Incentives

– After I

33 billion in aid

including military assigned to Ukraine by Congress in April,

Joe Biden

signed the Ukraine Democracy Defense

Lend-Lease Act

. The measure released an additional $39.8 billion in military equipment and supplies, as well as military aid, to support the actions of Ukrainian soldiers fighting invading Russian forces. The President’s thanks were not long in coming

Zelensky

He said he was “grateful to the American President and the people for their support in the fight for our freedom and our future. I am convinced that together we will win again and defend democracy in Ukraine and Europe as we did 77 years ago. ” “.

What is the Lend-Lease Act

– When the United States “borrows” something from a foreign nation, it does so for as long as the recipient does

have to pay some kind of rent

and undertakes to repay the loan over a period of 5 years; if not, the borrower

must compensate

the lender the same loan value. The Lend-Lease Act is an emergency enactment that can circumvent all of the above restrictions.

the previous one

– In contemporary American history, this is the second time that the American government has passed the Lend-Lease Act, the first time under the presidency of

Franklin Delano Roosvelt

, During the Second World War. On this occasion, the United States sent a

Great Britain, France, China and Russia

Equipment and war material worth $50.1 billion at the time (

690 billion electricity

).