The short-term and long-term risks to support for Ukraine

01/24/2024 06:04
The short-term and long-term risks to support for Ukraine

The war between Ukraine and Russia continues as Congress seems at odds about sending further funding to Ukraine during their time of need. On Tuesday, Germany's finance minister said that the country can't keep up Ukraine's defense capabilities on its own in the long term and will need help from other countries. If Congress can't get funding together it risks much of the progress Ukraine has made against rising inflation in its economy. Hermitage Capital Management CEO Bill Browder joins Yahoo Finance to discuss the ongoing war between Ukraine and Russia, Ukraine's dire need for financial support, and the impact the war has on the rest of the world. "There's two big things to be concerned about. The first is the short term — there's a 50 billion euro aid package from Europe held up by Viktor Orban of Hungary. Europe needs to make their decisions unanimously. He's vetoed the decision," Browder says. "There's a $63 billion US aid package for Ukraine that's being held up by the far right of the US Republican Party. So in the short term, both those packages need to be unblocked." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

The war between Ukraine and Russia continues as Congress seems at odds about sending further funding to Ukraine during their time of need. On Tuesday, Germany's finance minister said that the country can't keep up Ukraine's defense capabilities on its own in the long term and will need help from other countries. If Congress can't get funding together it risks much of the progress Ukraine has made against rising inflation in its economy.

Hermitage Capital Management CEO Bill Browder joins Yahoo Finance to discuss the ongoing war between Ukraine and Russia, Ukraine's dire need for financial support, and the impact the war has on the rest of the world.

"There's two big things to be concerned about. The first is the short term — there's a 50 billion euro aid package from Europe held up by Viktor Orban of Hungary. Europe needs to make their decisions unanimously. He's vetoed the decision," Browder says. "There's a $63 billion US aid package for Ukraine that's being held up by the far right of the US Republican Party. So in the short term, both those packages need to be unblocked."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

Read more --->