Business Maverick: Biden Seeks Aid, Power to Seize Russian Wealth

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President Joe Biden will seek $33 billion in aid to Ukraine and new authority to seize and sell property linked to wealthy allies of President Vladimir Putin, as the Russian military intensifies its offensive.

Basic artillery has played a central role in Ukraine’s resistance against Russia’s invading forces. Its function explains why the U.S. and other nations that collectively make up Ukraine’s arsenal are now putting so much emphasis on providing 155mm howitzers — in the case of the U.S., at least 90 of them, worth as much as $750,000 a piece, plus 184,000 rounds of ammunition.

The plan includes $20.4 billion in military and security assistance for Ukraine, $8.5 billion in economic assistance to help support the government in Kyiv, and $3 billion in humanitarian assistance and food security, according to a senior administration official who requested anonymity. Biden will outline his request in a speech from the White House on Thursday.

“We don’t know how long the war will be and how much it will cost in the next weeks — maybe months, maybe years”, Klitschko said in the interview. With more than 200 buildings in the city damaged by Russian shelling, it may take around $100 million to rebuild them, in Klitschko’s estimated.Germany has started preparations for a potential halt in Russian gas deliveries, with steps started even before the Ukraine invasion, Chancellor Olaf Scholz said in Tokyo on Thursday.

Consumer prices soared 7.8% in April from a year earlier — higher than the 7.6% median estimate in a Bloomberg survey for the European Union harmonized reading. The European Central Bank — which aims for 2% inflation over the medium term — is expected to raise interest rates in the coming months in what would mark the first hike in more than a decade.

 

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Nonsense.

Biden is pushing for war!

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