TUJITEGEMEE
JF-Expert Member
- Nov 6, 2010
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Ukrainian lawmakers have appealed to non-US donors to fund local media outlets and NGOs following the suspension of Washington’s foreign assistance programs that has reportedly drastically impacted the sector.The Russian economy is facing the threat of a large-scale jump in corporate bankruptcies
Last week, President Donald Trump halted cash flows from the US and ordered a 90-day review of aid schemes. Many affected programs were run by USAID, Washington’s soft power agency that distributes billions of dollars each year for projects that promote US interests around the world, under the premise of humanitarian development. It spent over $60 billion in 2023 alone.
Ukrainian recipients of American grants were hit “worse than it may seem,” a statement by the parliamentary committee on humanitarian affairs said on Wednesday. Lawmakers anticipate that it will take up to six months for US funding to fully resume, and have urged EU donors to step in.
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