You are currently viewing War Escalations, Military Aid, Forced Defaults: How Might a Cornered Putin Respond?

War Escalations, Military Aid, Forced Defaults: How Might a Cornered Putin Respond?

by Mish Shedlock, Mish Talk:

Biden keeps ratcheting up pressure on Putin. Has anyone clearly thought this through? Are we inching towards direct military involvement?

Streamlined

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JUST IN: President Biden has signed a bill into law aimed at streamlining the process for getting military assistance to Ukraine as Russia continues its invasion. He blamed Russia for bringing “destruction into Europe.” https://t.co/BGw25rPUwf

— CNN International (@cnni) May 9, 2022

Ukraine Lend Lease Act

On Monday, Biden signed the Ukraine Democracy Defense Lend-Lease Act, a  law aimed at streamlining US military aid to Ukraine.

The president is also asking Congress for $33 billion in aid for Ukraine.

Realistically, military aid will prolong the war. And the more that gets destroyed, the more we can Build Back Better.

Treasury Weighing Whether to Force Russia Into Defaulting

Russia makes debt payments via exemptions to sanctions.

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