• Pro-Russian troops, including fighters of the Chechen special forces unit, survey the destroyed administration building of Azovstal Iron and Steel Works in Mariupol, Ukraine. Reuters
    Pro-Russian troops, including fighters of the Chechen special forces unit, survey the destroyed administration building of Azovstal Iron and Steel Works in Mariupol, Ukraine. Reuters
  • A young Ukrainian refugee, one of 71 to board a flight from Moldova, sits on a suitcase after arriving in Bordeaux, France. AFP
    A young Ukrainian refugee, one of 71 to board a flight from Moldova, sits on a suitcase after arriving in Bordeaux, France. AFP
  • A member of a demining team of the State Emergency Service of Ukraine carries an unexploded projectile during mine clearing near Brovary, north-east of Kyiv. AFP
    A member of a demining team of the State Emergency Service of Ukraine carries an unexploded projectile during mine clearing near Brovary, north-east of Kyiv. AFP
  • An armoured convoy of pro-Russian troops presses on in the besieged Ukrainian city of Mariupol. Reuters
    An armoured convoy of pro-Russian troops presses on in the besieged Ukrainian city of Mariupol. Reuters
  • A worker cleans a statue of the founder of the Soviet Union Vladimir Lenin at Moscow Square in Saint Petersburg, Russia. AFP
    A worker cleans a statue of the founder of the Soviet Union Vladimir Lenin at Moscow Square in Saint Petersburg, Russia. AFP
  • Firefighters battle flames at a warehouse after a Russian bombardment in Kharkiv, Ukraine. AP Photo
    Firefighters battle flames at a warehouse after a Russian bombardment in Kharkiv, Ukraine. AP Photo
  • People walk along a street past a missile that stuck in the ground, amid Russia's invasion of Ukraine, in Rubizhne, Luhansk region, Ukraine. Reuters
    People walk along a street past a missile that stuck in the ground, amid Russia's invasion of Ukraine, in Rubizhne, Luhansk region, Ukraine. Reuters
  • A man rides his bicycle next to a destroyed Russian tank in Chernihiv, Ukraine. AP Photo
    A man rides his bicycle next to a destroyed Russian tank in Chernihiv, Ukraine. AP Photo
  • A man walks next to a fire after a Russian bombardment in Kharkiv, Ukraine. AP Photo
    A man walks next to a fire after a Russian bombardment in Kharkiv, Ukraine. AP Photo
  • A Ukrainian refugee from Mariupol area, is greeted after arriving in a small convoy that crossed through a territory held by Russian forces, after the opening of a humanitarian corridor, at a registration center for internally displaced people, amid Russia's invasion of Ukraine, in Zaporizhzhia, Ukraine. Reuters
    A Ukrainian refugee from Mariupol area, is greeted after arriving in a small convoy that crossed through a territory held by Russian forces, after the opening of a humanitarian corridor, at a registration center for internally displaced people, amid Russia's invasion of Ukraine, in Zaporizhzhia, Ukraine. Reuters
  • A Ukrainian soldier stands during the funeral of his father in Bucha, on the outskirts of Kyiv. AP
    A Ukrainian soldier stands during the funeral of his father in Bucha, on the outskirts of Kyiv. AP
  • Ukrainian soldiers walk on a destroyed bridge in Irpin, on the outskirts of Kyiv. AP
    Ukrainian soldiers walk on a destroyed bridge in Irpin, on the outskirts of Kyiv. AP
  • Ukrainians receive humanitarian aid organised by local volunteers in Irpin. AP
    Ukrainians receive humanitarian aid organised by local volunteers in Irpin. AP
  • Volodymyr Lukyanovych, 63, cuts wood to make a fire outside his house in Irpin. His home was destroyed by Russian shelling. AP
    Volodymyr Lukyanovych, 63, cuts wood to make a fire outside his house in Irpin. His home was destroyed by Russian shelling. AP
  • Vova, 10, and his father, Ivan Drahun, look at the grave of his mother, Maryna, during her funeral in Bucha. AP
    Vova, 10, and his father, Ivan Drahun, look at the grave of his mother, Maryna, during her funeral in Bucha. AP
  • Sergei, 11, waits his turn to receive donated food during an aid humanitarian distribution in Bucha. AP
    Sergei, 11, waits his turn to receive donated food during an aid humanitarian distribution in Bucha. AP
  • Ukrainian President Volodymyr Zelenskyy, right, and European Council President Charles Michel attend a news conference after their meeting in Kyiv. AP
    Ukrainian President Volodymyr Zelenskyy, right, and European Council President Charles Michel attend a news conference after their meeting in Kyiv. AP
  • People pay their respects during the funeral in Kyiv for Ukrainian serviceman Volodymyr Karas, who died fighting Russian troops. AP
    People pay their respects during the funeral in Kyiv for Ukrainian serviceman Volodymyr Karas, who died fighting Russian troops. AP
  • Alexandra Kusminova pets her cat, named Mouse, in a restaurant in Dnipro, Ukraine, that was transformed into a shelter for those fleeing the war. AP
    Alexandra Kusminova pets her cat, named Mouse, in a restaurant in Dnipro, Ukraine, that was transformed into a shelter for those fleeing the war. AP
  • A woman reads a book as she lays on a bed in the shelter. AP
    A woman reads a book as she lays on a bed in the shelter. AP
  • City workers repair a war-damaged road in Bucha. Getty Images
    City workers repair a war-damaged road in Bucha. Getty Images
  • The village council and police department buildings destroyed by Russian shelling in Lymany, just outside Mykolaiv, Ukraine. Getty Images
    The village council and police department buildings destroyed by Russian shelling in Lymany, just outside Mykolaiv, Ukraine. Getty Images
  • Local residents receive bottled water from a truck, since there has been no running water for more than a week in Mykolaiv. Getty Images
    Local residents receive bottled water from a truck, since there has been no running water for more than a week in Mykolaiv. Getty Images
  • A destroyed car on the road between Kyiv and Chernihiv. EPA
    A destroyed car on the road between Kyiv and Chernihiv. EPA
  • A man looks at a burned APC in Yahidne, Chernihiv. EPA
    A man looks at a burned APC in Yahidne, Chernihiv. EPA
  • A man holds part of a missile in Yahidne. EPA
    A man holds part of a missile in Yahidne. EPA
  • A resident clears up a house that was occupied by Russian soldiers in Yahidne. EPA
    A resident clears up a house that was occupied by Russian soldiers in Yahidne. EPA
  • Local youth Vladyslav, 17, inspects the basement of the school building in Yahidne. EPA
    Local youth Vladyslav, 17, inspects the basement of the school building in Yahidne. EPA
  • A local resident walks on the street in Yahidne. EPA
    A local resident walks on the street in Yahidne. EPA
  • Local residents speak on the street next to war ruins. EPA
    Local residents speak on the street next to war ruins. EPA
  • A destroyed garage in Ivanivka. EPA
    A destroyed garage in Ivanivka. EPA
  • A man looks at bombs that litter a field in Ivanivka. EPA
    A man looks at bombs that litter a field in Ivanivka. EPA
  • Natalia and her daughter climb a ladder, passing over a destroyed bridge in Kyiv. EPA
    Natalia and her daughter climb a ladder, passing over a destroyed bridge in Kyiv. EPA

Joe Biden seeks another $33bn in US aid and military spending for Ukraine


Kyle Fitzgerald
  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

President Joe Biden has asked the US Congress for a massive increase in spending on Ukrainian defence and humanitarian aid, with a $33 billion request that also seeks greater powers to seize and sell Russian oligarchs' assets to help fund the war effort.

Thursday's funding request includes over $20bn for weapons, ammunition and other military assistance, as well as $8.5bn in direct economic assistance to the government and $3bn in humanitarian aid.

"We need this bill to support Ukraine in its fight for freedom," Mr Biden said at the White House after signing the request on Thursday.

"The cost of this fight - it's not cheap - but caving to aggression is going to be more costly."

The request is significantly higher than the $13.6bn in aid Congress approved last month along bipartisan lines. Mr Biden said the US has spent nearly all of the funding provided by Congress.

"We either back Ukrainian people as they defend their country or we stand by as Russia continue their atrocities and aggression in Ukraine," Mr Biden said.

The White House has said the conflict in Ukraine is shifting, with Russian forces refocusing their efforts on the country’s eastern regions after failing to quickly seize the capital of Kyiv.

Biden administration officials have predicted that the repositioning could portend a bloody and prolonged battle, and said Ukrainians will require different kinds of weaponry and other assistance than the US and allies provided early in the conflict.

Mr Biden is also seeking the ability to seize Russian oligarchs' assets, and distribute the proceeds to support Ukraine.

“We’re going to seize their yachts” and other “ill-begotten gains,” Mr Biden said. “These are bad guys.”

Part of the proposal includes expanding the definition of "racketeering activity" under the Racketeer Influenced and Corrupt Organisations (Rico) Act. This would allow the US Department of Justice to build cases against those who seek to evade sanctions.

The president also wants to give prosecutors more time to build such cases by extending the statute of limitations on money laundering prosecutions to 10 years, instead of five.

Mr Biden also seeks to make it unlawful for any person to "knowingly or intentionally possess proceeds directly obtained from corrupt dealings with the Russian government", the White House said in a statement.

  • A US Homeland Security Police agent climbs on board the 'Tango' superyacht, belonging to Russian oligarch Viktor Vekselberg, which was seized on behalf of US authorities, as it is docked in Mallorca, Spain. Reuters
    A US Homeland Security Police agent climbs on board the 'Tango' superyacht, belonging to Russian oligarch Viktor Vekselberg, which was seized on behalf of US authorities, as it is docked in Mallorca, Spain. Reuters
  • Spanish civil guards and US agents of Homeland Security and the FBI search a yacht owned by Russian billionaire Viktor Vekselberg in Palma de Mallorca, Spain. AFP
    Spanish civil guards and US agents of Homeland Security and the FBI search a yacht owned by Russian billionaire Viktor Vekselberg in Palma de Mallorca, Spain. AFP
  • The seized yatch 'Tango' moors in the port of Palma de Mallorca. It was seized by authorities in concordance with US sanctions imposed against oligarchs and their assets being frozen in response to the Russian invasion of Ukraine. EPA
    The seized yatch 'Tango' moors in the port of Palma de Mallorca. It was seized by authorities in concordance with US sanctions imposed against oligarchs and their assets being frozen in response to the Russian invasion of Ukraine. EPA
  • The unidentified prosecutor of the case disembarks 'Tango', followed by Spanish civil guards and US federal agents, in Palma de Mallorca. EPA
    The unidentified prosecutor of the case disembarks 'Tango', followed by Spanish civil guards and US federal agents, in Palma de Mallorca. EPA
  • The 'Tango' is seized by authorities. EPA
    The 'Tango' is seized by authorities. EPA
  • The 'Tango' belongs to Renova Group chief Viktor Vekselberg and was seized in the port of Palma de Mallorca, Spain. EPA
    The 'Tango' belongs to Renova Group chief Viktor Vekselberg and was seized in the port of Palma de Mallorca, Spain. EPA
  • A civil guard and a police dog walk off the yacht. AP
    A civil guard and a police dog walk off the yacht. AP
  • The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russia's President Vladimir Putin, US Treasury Department documents have claimed. AP
    The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally of Russia's President Vladimir Putin, US Treasury Department documents have claimed. AP

The White House said co-ordinated efforts by the Treasury, State and Justice departments would permit the flow of funds from seized assets to be streamlined.

In a virtual address to the International Monetary Fund and World Bank leaders last week, Ukrainian President Volodymyr Zelenskyy called for the proceeds of sanctioned property and Central Bank reserves to be used to compensate Ukraine for its losses.

He said that frozen Russian assets “have to be used to rebuild Ukraine after the war, as well as to pay for the losses caused to other nations".

US Treasury Secretary Janet Yellen said at the time congressional approval would be needed to authorise those actions.

The US and its allies to date have frozen $30 billion of assets held by people with ties to Russian President Vladimir Putin, including $7bn in yachts, helicopters, real estate and artwork, the White House said.

Also on Thursday, the US House of Representatives overwhelmingly backed legislation that will make it easier to export military equipment to Ukraine, reviving the "Lend-Lease Act" that helped defeat Hitler during World War Two.

The House passed the "Ukraine Democracy Defense Lend-Lease Act of 2022" by 417 to 10, three weeks after it sailed through the Senate with unanimous support. It next goes to the White House for Mr Joe Biden to sign into law.

The measure revives a World War Two-era program that allowed Washington to lend or lease military equipment to US allies. In this case, it will help those affected by Russia's invasion, such as Poland and other eastern European countries as well as Ukraine.

The Biden administration's latest efforts come as the US's military aid has topped $3bn since Russia launched what it called a "special military option" in February to "denazify" Ukraine.

- Agencies contributed to this report

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Five hymns the crowds can join in

Papal Mass will begin at 10.30am at the Zayed Sports City Stadium on Tuesday

Some 17 hymns will be sung by a 120-strong UAE choir

Five hymns will be rehearsed with crowds on Tuesday morning before the Pope arrives at stadium

‘Christ be our Light’ as the entrance song

‘All that I am’ for the offertory or during the symbolic offering of gifts at the altar

‘Make me a Channel of your Peace’ and ‘Soul of my Saviour’ for the communion

‘Tell out my Soul’ as the final hymn after the blessings from the Pope

The choir will also sing the hymn ‘Legions of Heaven’ in Arabic as ‘Assakiroo Sama’

There are 15 Arabic speakers from Syria, Lebanon and Jordan in the choir that comprises residents from the Philippines, India, France, Italy, America, Netherlands, Armenia and Indonesia

The choir will be accompanied by a brass ensemble and an organ

They will practice for the first time at the stadium on the eve of the public mass on Monday evening 

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Friday (UAE kick-off times)

Levante v Real Mallorca (12am)

Leganes v Barcelona (4pm)

Real Betis v Valencia (7pm)

Granada v Atletico Madrid (9.30pm)

Sunday

Real Madrid v Real Sociedad (12am)

Espanyol v Getafe (3pm)

Osasuna v Athletic Bilbao (5pm)

Eibar v Alaves (7pm)

Villarreal v Celta Vigo (9.30pm)

Monday

Real Valladolid v Sevilla (12am)

 

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Updated: April 29, 2022, 6:58 AM