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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.