Office of Management and Budget director Shalanda Young warned Congress that the US is running out of money to support Ukraine's war efforts. AP
Office of Management and Budget director Shalanda Young warned Congress that the US is running out of money to support Ukraine's war efforts. AP
Office of Management and Budget director Shalanda Young warned Congress that the US is running out of money to support Ukraine's war efforts. AP
Office of Management and Budget director Shalanda Young warned Congress that the US is running out of money to support Ukraine's war efforts. AP

Ukraine funding will run out by end of year, White House warns


Jihan Abdalla
  • English
  • Arabic

The White House on Monday issued an urgent call to the US Congress to approve more military aid to Ukraine, saying money would run out by the end of the year, which would “kneecap” Kyiv's efforts to push back Russia's invasion.

In a letter addressed to House and Senate leaders, White House director of the Office of Management and Budget Shalanda Young urged Congress to approve a supplemental funding request submitted by President Joe Biden back in October.

“I want to be clear: without congressional action, by the end of the year, we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks,” Ms Young said in the letter.

“There is no magical pot of funding available to meet this moment. We are out of money – and nearly out of time.”

The letter comes as congressional Republicans – whose resistance to funding Kyiv's war efforts has been steadily growing in recent months – have prevented Mr Biden from passing a $105 billion bill for Ukraine and Israel aid.

Mr Biden and White House officials have argued that supporting Kyiv in fending off Russia's aggression is critical for US interests and national security.

Republicans in Congress have made funding for Ukraine conditional, with the Biden administration urged to do more to halt the flow of migrants coming through the US-Mexico border.

"Congress has to decide whether to continue to support the fight for freedom in Ukraine as part of the 50-nation coalition that President Biden has built, or whether Congress will ignore the lessons we've learnt from history," White House National Security Adviser Jake Sullivan said during a news briefing on Monday.

"Congress has to act now to take supplemental requests, which advances our own national security and helps our democratic partner in Ukraine fight against Russian aggression."

So far, Congress already has allocated $111 billion to assist Ukraine, which has included $67 billion in military funding.

Ms Young wrote that the Pentagon had used 97 per cent of the $62.3 billion it received as of mid-November, and the State Department has used all of the $4.7 billion in military assistance it received.

“We are out of money to support Ukraine in this fight,” Ms Young wrote.

“This isn’t a next year problem. The time to help a democratic Ukraine fight against Russian aggression is right now. It is time for Congress to act.”

  • An explosion in the sky over Ukraine's capital, Kyiv, during a Russian drone strike on Saturday. Reuters
    An explosion in the sky over Ukraine's capital, Kyiv, during a Russian drone strike on Saturday. Reuters
  • A kindergarten damaged during the drone strikes in Kyiv. EPA
    A kindergarten damaged during the drone strikes in Kyiv. EPA
  • Ukraine said it downed 71 of 75 drones launched by Russia in an overnight attack. EPA
    Ukraine said it downed 71 of 75 drones launched by Russia in an overnight attack. EPA
  • Kyiv authorities described the attack as the most intense on the capital since the start of the invasion. EPA
    Kyiv authorities described the attack as the most intense on the capital since the start of the invasion. EPA
  • A police officer inspects a kindergarten damaged during the strikes in Kyiv. EPA
    A police officer inspects a kindergarten damaged during the strikes in Kyiv. EPA
  • The attack came as Ukrainians marked the 1932-33 Holodomor famine, a national tragedy. EPA
    The attack came as Ukrainians marked the 1932-33 Holodomor famine, a national tragedy. EPA
  • A man shakes out a blanket from a window broken during the explosions. EPA
    A man shakes out a blanket from a window broken during the explosions. EPA
  • An elderly woman sweeps glass broken from windows in her flat after the explosion of a downed Russian drone in a yard between residential buildings in Kyiv. AFP
    An elderly woman sweeps glass broken from windows in her flat after the explosion of a downed Russian drone in a yard between residential buildings in Kyiv. AFP
  • Residents remove debris after the explosion of a downed Russian drone. AFP
    Residents remove debris after the explosion of a downed Russian drone. AFP
  • The victims of the Holodomor, Ukrainian for 'death by starvation', are traditionally commemorated in Ukraine on the last Saturday of November. EPA
    The victims of the Holodomor, Ukrainian for 'death by starvation', are traditionally commemorated in Ukraine on the last Saturday of November. EPA
  • The Holodomor in the former Soviet-era Ukraine in 1932-1933, killed millions of Ukrainians. EPA
    The Holodomor in the former Soviet-era Ukraine in 1932-1933, killed millions of Ukrainians. EPA
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

Golden Shoe top five (as of March 1):

Harry Kane, Tottenham, Premier League, 24 goals, 48 points
Edinson Cavani, PSG, Ligue 1, 24 goals, 48 points
Ciro Immobile, Lazio, Serie A, 23 goals, 46 points
Mohamed Salah, Liverpool, Premier League, 23 goals, 46 points
Lionel Messi, Barcelona, La Liga, 22 goals, 44 points

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Packages which the US Secret Service said contained possible explosive devices were sent to:

  • Former first lady Hillary Clinton
  • Former US president Barack Obama
  • Philanthropist and businessman George Soros
  • Former CIA director John Brennan at CNN's New York bureau
  • Former Attorney General Eric Holder (delivered to former DNC chair Debbie Wasserman Schultz)
  • California Congresswoman Maxine Waters (two devices)
Tips for avoiding trouble online
  • Do not post incorrect information and beware of fake news
  • Do not publish or repost racist or hate speech, yours or anyone else’s
  • Do not incite violence and be careful how to phrase what you want to say
  • Do not defame anyone. Have a difference of opinion with someone? Don’t attack them on social media
  • Do not forget your children and monitor their online activities
In numbers

1,000 tonnes of waste collected daily:

  • 800 tonnes converted into alternative fuel
  • 150 tonnes to landfill
  • 50 tonnes sold as scrap metal

800 tonnes of RDF replaces 500 tonnes of coal

Two conveyor lines treat more than 350,000 tonnes of waste per year

25 staff on site

 

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Updated: December 05, 2023, 6:07 AM