Biden signs $95 billion foreign aid package for Ukraine, Israel and Taiwan

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The law comes months after Biden first requested emergency funding to address the crises in Gaza and Ukraine.

Share on linkedin signed a bipartisan foreign aid package Wednesday that includes billions for Ukraine , Israel and Taiwan as well as a provision that could lead to aThe law comes months after Biden first requested emergency funding to respond to ongoing crises in Gaza and Ukraine and to counter looming threats from China in the Indo-Pacific.Biden said shipments to Ukraine would start "in the next few hours.

The president said the U.S. will "surge" food, water, medical supplies and other aid to Gaza, adding that Israel "must make sure all this aid reaches Palestinians in Gaza without delay."The Ukraine portion of the package provides around $23.2 billion for the U.S. military to replenish stocks of weapons provided to Ukraine and $13.8 billion for Kyiv to purchase weapons.

It will allow the Pentagon to transfer about $7.8 billion in additional military hardware to Ukraine.for Israel and humanitarian relief for people in Gaza and other conflict zones.The package contains a potential ban on TikTok if the China-based company Bytedance does not divest from the social media app within a year.The package also allows the U.S. to seize frozen Russian assets to help Ukraine and includes additional sanctions on China and Iran.

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