Senate Reaches Deal on Ukraine Funding

Senate negotiators have resolved the previous deadlock in Congress over Ukraine funding by reaching a deal to pair border security reforms with increased funding for Ukraine and other national security measures. This is part of a wider package requested by President Biden, which includes $110bn for wartime aid, domestic defence manufacturing, humanitarian assistance, and support in managing the migrant crisis at the US-Mexico border. Despite initial opposition from Senate Republicans, it is hoped that the border security reforms will be enough to persuade House Republicans to back the overall package. Meanwhile, Russia continues to experience a GDP growth of 2.6% due to high military spending and private consumption.