"Consequences of Abandoning Ukraine: Cuba's Communists and Multitrillion-Dollar Mistakes"

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Source: Yahoo Finance
"Consequences of Abandoning Ukraine: Cuba's Communists and Multitrillion-Dollar Mistakes"
Photo: Yahoo Finance
TL;DR Summary

Republicans in Congress are blocking further aid for Ukraine, potentially leading to a multitrillion-dollar mistake as Russia gains an edge in its bid to extend its territory. The United States has provided about $46 billion in military aid to Ukraine and President Biden wants another $60 billion, but a faction of House Republicans is refusing to vote for aid unless it's coupled with immigration changes. The abandonment of Ukraine could embolden China, North Korea, and Iran to attempt their own land grabs, with devastating economic consequences. A recent analysis found that a Chinese blockade of Taiwan could cost the world economy $2 trillion, while an invasion could raise the cost to $10 trillion, dwarfing the economic cost of the war in Ukraine, the COVID pandemic, and the 2008 financial crash.

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