U.S. And Europe Pledge $50 Billion For Ukraine War

President Biden and key European leaders reached an agreement to finance Ukraine with a loan of up to $50 billion, backed by the profits on frozen Russian assets.

Biden said in a news conference Thursday the loan would serve as a reminder to Russian President Vladimir Putin. “We’re not backing down,” he said. “In fact, we’re standing together against this illegal aggression.”

The agreement Reaffirms Ukraine will join NATO, and that the agreement will serve as a "bridge" to eventually bring Ukraine into NATO. So there's been no budge whatsoever on the sacrosanctity of that eternal principle.

The agreement also commits the US to restoring Ukraine's "territorial integrity" up to its "internationally recognized borders," which effectively means Ukraine's post-Soviet 1991 borders including Crimea, Luhansk, and Donetsk.

Before the news conference, Biden and Ukrainian President Volodymyr Zelensky signed a bilateral security agreement that seeks to establish a long-term U.S. commitment to military aid for the embattled country. The pact says future U.S. administrations will work with Congress to provide funding and military support for Kyiv. It makes no new promises regarding Ukraine’s bid to join the North Atlantic Treaty Organization.