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Monday, June 17, 2024

Biden approves $768bn military bill amid Ukraine & Taiwan possible wars

The US administration devotes $300 million in security aid to Ukraine amid mounting tensions with Russia

US President Joe Biden has signed into law a $768 billion defense package. It represents an overall increase in military spending and includes $300 million to be set aside for security initiatives related to Moscow and Beijing.

Biden signed the 2022 National Defense Authorization Act (NDAA) on Monday, marking a $25 billion increase on his original proposal and authorizing a 5% boost in US military spending from 2021.

The vast spending package includes $300 million for the Ukraine Security Assistance Initiative, which, according to supporters in the Senate, will be used to train and equip Ukrainian forces to defend against alleged “Russian aggression.” Another $150 million was earmarked for “Baltic security cooperation” – another project aimed at deterring Moscow – while a larger sum of $4 billion will be spent on the European Defense Initiative, which is intended to bolster Washington’s NATO allies.

Read more: China tested dangerous hypersonic weapon system: US General

The aid package to Ukraine comes as Washington and several other Western nations accuse Russia of amassing forces along its border with Ukraine. At the weekend, US Vice President Kamala Harris threatened “sanctions like you’ve not seen before,” should Russia make a move against its neighbor.

Though Moscow insists it has no interest in an invasion, it has warned against further NATO expansion into Eastern Europe, deeming the issue a matter of “life and death” for Russia. It also denounced Western involvement in Ukraine, where the US supported the 2014 ‘Euromaidan’ coup.

In line with the Biden administration’s growing military focus on China, the new NDAA also includes a $7.4 billion allocation to the Pacific Deterrence Initiative and a statement of support for the defense of Taiwan, which Beijing considers part of its own territory. The bill also prohibited the US military from purchasing wares from China’s Xinjiang region, citing allegations of forced labor there.

Read more: Russia expands naval fleet with new nuclear missile submarines

Though Biden’s slightly more modest spending proposal was rejected by lawmakers over concerns the US military could soon lag behind adversaries, as of last year, the United States continued to spend more on its armed forces than the next 11 largest militaries combined worldwide, including China’s and Russia’s, according to the Stockholm International Peace Research Institute.

RT with additional input by GVS News Desk