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| US National Security Council spokesman John Kirby announced that Washington has used up 96% of the money allocated to Kiev. (Source: LATimes) |
"At some point, supporting Ukraine will become an excessive burden. Even an economically powerful country will soon get tired. You say that Washington can print money indefinitely unless the printers break down, but they simply don't have enough paper," Dmitry Peskov said.
The Kremlin official's comments came after US National Security Council spokesman John Kirby said Washington had used up 96% of the funds allocated to Kiev.
“The amount of funding provided to Ukraine has exceeded $60 billion, including economic, financial, humanitarian and security assistance. We have disbursed about 96 percent of what was approved,” Mr. Kirby said.
The US public debt now stands at around $33.6 trillion, after breaching the $31.4 trillion debt ceiling in January.
According to a report by the US Congressional Budget Office (CBO), interest on the national debt in fiscal year 2022 is $475 billion, equivalent to $1.3 billion per day and $54.2 million per hour.
The US government's borrowing costs have skyrocketed this year because of a new round of interest rate hikes and will continue to rise, according to the CBO.
If this trend continues, debt servicing will become the largest item of federal spending over the next 30 years, far surpassing Social Security costs.
* On the same day, Russian Deputy Foreign Minister Sergey Ryabkov commented that US efforts to hinder the development of the country's oil and gas industry through sanctions will fail.
“Current attempts through sanctions to block our economic development opportunities, especially in the oil and gas industry, including the liquefied natural gas (LNG) sector – a very promising segment and the demand for these products is high value – will fail,” he asserted.
Russian Foreign Ministry spokeswoman Maria Zakharova said the country will continue with plans to increase LNG production despite US sanctions.
According to Ms. Zakharova, although Washington tried to put more pressure on Moscow by adding a new package of sanctions targeting the corporation that is the main investor in the $25 billion Arctic LNG 2 project, Russia has no intention of giving up its plan to increase LNG production to 100 million tons/day.
Referring to the Arctic LNG 2 project invested by Novatek, a Russian Foreign Ministry official affirmed: "We will not abandon large-scale investment plans for this project, as well as similar projects. The development of LNG infrastructure is our top priority in the energy sector."
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