The U.S. House passed legislation that's set to deliver $40 billion in military and humanitarian aid to Ukraine.
The U.S. Department of Defense also announces it has committed more than $4.5 billion in security assistance to Ukraine since the start of the Biden administration. Of that, around $3.8 billion has gone to fund Ukraine's war efforts since Russia's invasion began on Feb. 24.
Meanwhile, the stark reality of Russia's invasion of Ukraine is becoming increasingly apparent.
The European Bank for Reconstruction and Development's latest forecasts are a sobering reminder of the war's economic impact on Ukraine, a significant agricultural exporter, particularly of wheat.
Russia's economy, hit by international sanctions, is expected to contract 10% in 2022 while the Ukraine invasion is forecast to cause Ukraine's economy to shrink by 30% this year, the EBRD said Tuesday.