America sent $56 billion to Ukraine, meanwhile the entire island of Puerto Rico is without power.

shopthatwrecks

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:mjpls: Trump going to go down there and throw paper towels again
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bnew

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wow, ukraine is paying people in weapons?

:camby:






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@TVPWorld_com
The United States has announced a $20 billion financial /search?q=#aid package for /search?q=#Ukraine, funded by profits from seized Russian assets.



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@TVPWorld_com
Read more⤵️
US allocates $20 bln to Ukraine using seized Russian assets




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@tut0ugh
🇺🇸🇺🇦US gives $20bn to Ukraine funded by seized Russian assets

The US has given $20bn (£15bn) to Ukraine, funded by the profits of seized Russian assets.
The economic support forms a significant part of a $50bn (£39bn) package agreed by G7 member nations announced in June.

Funding the aid through frozen assets means Russia has to "bear the costs of its illegal war, instead of taxpayers," US Treasury Secretary Janet Yellen said.

It comes a matter of weeks before US President Joe Biden is replaced by Donald Trump, who has said he wants to end the war in Ukraine quickly upon taking office.

The president-elect has characterised financial support to Kyiv as a drain on US resources, casting doubt on whether aid will continue under the new administration.

The US Treasury said on Tuesday (Dec. 10) that it had transferred the $20bn to a World Bank fund, where it will be available for Ukraine to draw from.

Money handled by the World Bank cannot be used for military purposes.

The $20bn will give the country "a critical infusion of support" as it defends itself "against an unprovoked war of aggression," Yellen said in a statement on Tuesday.

It follows months of discussion among the US and its allies, including the EU, on how to use the approximately $325bn (£276bn) worth of assets that were frozen since Russia's full-scale invasion of Ukraine began in 2022.

In October, the G7 agreed to use the interest generated by the assets – around $3bn (£2.4bn) a year – to fund $50bn in credit over 30 years. Payments were expected to start by the end of the year.

The EU has committed more than €18bn (£15bn) funded in the same way.

The $50bn is intended to ensure Ukraine has "the resources it needs to sustain emergency services, hospitals, and other foundations of its brave resistance," Yellen said.

ℹ️ BBC News

/search?q=#UkraineWar /search?q=#PoliticsToday /search?q=#WorldBank



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Mister Terrific

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You think PR not having power is a financial issue? :mjlol:

President Biden said he spoke with the governor of Puerto Rico and the energy secretary after a blackout hit nearly all of the island early Tuesday morning.

During their talk, Biden offered Puerto Rico Gov. Pedro Pierluisi any federal assistance they needed after more than 1 million Puerto Ricans went without power earlier in the day, according to the White House. Biden also directed Secretary of Energy Jennifer Granholm to continue to offer any assistance to speed power restoration.



Power distribution and resource management is handled at the state level. Same when Texas fukked up and froze people to death or Flint didn’t maintain its water supply. Foreign policy is the job of the Feds.


The federal government gives Puerto Rico billions a year.

Restoring and hardening Puerto Rico’s energy grid remains a top priority for the Biden-Harris Administration, with over $12 billion in Hurricane Maria recovery funding dedicated to building a more resilient and sustainable grid and providing access to good quality jobs. In February 2022, the Department of Energy (DOE), HUD, the Department of Homeland Security (which includes FEMA), and the Puerto Rico government signed a memorandum of understanding to maximize federal investments and accelerate work to strengthen the grid. This agreement kickstarted the Puerto Rico Grid Resilience and Transition to 100% Renewable (PR100) Study, financed with Hurricane Maria recovery funds and with the technical support of the National Renewable Energy Laboratory and five other national laboratories. PR100 is a community-driven roadmap to help Puerto Rico meet its target of 100% renewable electricity by 2050 and increase energy resilience and affordability. In January 2023, DOE and FEMA released the PR100 one-year progress report and hosted a webinar in which Secretary of Energy Jennifer Granholm, FEMA Administrator Deanne Criswell, and Puerto Rico Governor Pedro Pierluisi outlined their shared commitment to building resilient infrastructure and creating clean energy solutions. And in March 2023, Secretary Granholm conducted her fourth visit to Puerto Rico, as part of the PR100 Community Engagement Tour.

In October 2022, President Biden committed to deploying more resources from DOE and other federal agencies to expedite the transformation of Puerto Rico’s energy system. To facilitate this effort, he tasked Secretary Granholm to lead the Puerto Rico Grid Recovery and Modernization Team, which includes DOE, HUD, FEMA, the Department of Agriculture, EPA, and Department of Commerce, working in collaboration with Fortaleza, the Central Office for Recovery, Reconstruction, and Resiliency (COR3), Puerto Rico Electric Power Authority, LUMA Energy, Genera PR, the Puerto Rico Energy Bureau, and other stakeholders.

With $1 billion from the 2023 Consolidated Appropriations Act, DOE established the Puerto Rico Energy Resilience Fund for residential rooftop solar deployment, energy resilience, non-profit partnerships, and clean energy workforce training. DOE expects to announce a formal request for proposals in summer 2023 with the goal of rapidly deploying residential rooftop solar and storage for vulnerable households, including individuals with disabilities. In support of Puerto Rico’s transition to renewable energy, DOE selected Cooperativa Hidroeléctrica de la Montaña in Utuado, in partnership with Fundación Borincana and Pecan Street, to receive a $200,000 Inclusive Energy Innovation Prizeto facilitate rooftop solar and storage installation. DOE’s 2023 Clean Energy Innovator Fellowship will also support six recent graduates and energy professionals to work on clean energy projects at Cooperativa Hidroeléctrica de la Montaña, as well as the Puerto Rico Energy Bureau and LUMA Energy.




:snoop: This is an incompetence/corruption issue. Not federal government.
 
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