Biden Signs Military Lend-Lease Act To Ukraine Into Law, Considering $30+ Billion More In Aid

On Monday afternoon, U.S President Biden announced the signing of the Ukraine Democracy Defense Lend-Lease Act of 2022 into law. Saying: "This bill provides another important tool in our efforts to support Ukraine and its people in their fight to defend their country and democracy against Putin's brutal war". He signed the law on the same day that Russia celebrated Victory Day, the 77th anniversary of the allied defeat of Nazi Germany, a feat facilitated in part by the original Lend-Lease Act. At the time of the original act, a total of $50.1 billion, equivalent to $690 billion in 2020, worth of supplies were shipped. In all, $31.4 billion went to the United Kingdom, $3.2 billion to France, $1.6 billion to China, $11.3 billion to the Soviet Union, and the remaining $2.6 billion to other allies fighting Axis powers.