Skip to content
Edit post

NBC: House Republicans float idea of new Ukraine aid package as a loan

by Dominic Culverwell March 9, 2024 3:18 PM 2 min read
U.S. House Speaker Mike Johnson (C) walks to a Senate Republican luncheon alongside Sen. Rick Scott and Sen. Ron Johnson on Nov. 1, 2023, in Washington, DC. (Anna Moneymaker/Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

House Republicans are working on their own version of an aid bill to Ukraine to speed up the delivery of assistance to the country, with one version including treating nonmilitary aid to Ukraine as a loan, NBC reported on March 9.

Another proposal on the table is the REPO Act which concerns utilizing seized Russian assets for Ukraine.

Using Russian assets, "is a very popular idea in the House,” House Foreign Affairs Chairman Mike McCaul, a Republican congressman from Texas, said.

The proposals are currently in the early stages of development, three sources told NBC, but pro-Ukraine Republicans in the house want something ready before March 22 when another government shutdown is on the line.

The U.S. Senate approved a $95 billion funding package on Feb. 13 that contained $60 billion in aid for Ukraine, but the House under Johnson's leadership has derailed the bill.

Ukraine is already in its third month of the year without any aid from the U.S. as Washington argues over the funding package. The consequences have already been felt, with President Joe Biden blaming Congress for the fall of Avdiivka on Feb. 17.

The idea of a loan may be more appealing to Republicans opposing further U.S. support for Ukraine.

But National Security Adviser Jake Sullivan said last month that a loan isn’t preferential for Ukraine, as it could only “make the economic problems of that country worse,” adding that a stable Ukraine is in Washington’s national security interest.

Senator Lindsey Graham (R) is one of the key figures backing the loan proposal. He claims that the idea came from presidential candidate Donald Trump who suggested a loan on his Truth Social account on Feb. 10.

“I think President Trump when he mentioned a couple of weeks ago that let’s make this stuff a loan, resonates with the taxpayer,” Graham said last week, NBC reported.

“And I think it will make it unlock the House. (…) You may have to add a little more humanitarian aid to get Democrats, but turn it into a loan and maybe we get this thing done.”

US House may start gathering signatures to bypass speaker on Ukraine aid
Congressman Brian Fitzpatrick said he keeps working with House Speaker Mike Johnson’s office to hold a vote through regular channels but will start collecting signatures to bypass the speaker if he does not comply.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

6:15 PM

Australia announces $65 million aid package for Ukraine.

The Australian government announced a new aid package for Ukraine worth 100 million Australian dollars ($65 million) on April 27, following a meeting between Prime Minister Denys Shmyhal and Australian Defense Minister Richard Marles in Lviv.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
1:04 PM

Russian attacks against 4 Ukrainian regions kill 1, injure 14.

Russian forces struck a psychiatric hospital in Kharkiv overnight, injuring a 53-year-old female patient, Kharkiv Oblast Governor Oleh Syniehubov reported. “At the time of the attack, 60 patients and five employees were in the medical building,” he said.
2:46 AM

Update: Russia's attack on Sumy Oblast kill 2, injure 5.

Russian forces attacked nine communities in Ukraine's northeastern Sumy Oblast on April 26, killing two and injuring five civilians, the regional administration reported. At least 85 explosions were reported over the past 24 hours.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.