The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package.
The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia.
The first major Ukraine-assistance package from Washington since 2024 was passed by a 226-195 vote, with 18 GOP Representatives defying party leadership.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.