# Biden to address Zelenskiy appeal, still opposes ‘no fly zone’ Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-03-16 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Biden to announce $800M in aid to Ukraine, no-fly zone Meta Description: President Biden pledges additional $800 million in security aid to Ukraine, but maintains stance on 'no-fly zone' despite urgent appeal from President URL: https://financedigest.com/biden-to-address-zelenskiy-appeal-still-opposes-no-fly-zonehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-03-16t154712z1lynxnpei2f0y8rtroptp4usa-biden-1736815961347-compressed.jpg) By Nandita Bose and Jeff Mason WASHINGTON (Reuters) – President Joe Biden will announce an additional $800 million in security assistance to Ukraine on Wednesday, but his position on a “no-fly zone” has not changed after Ukrainian President Volodymyr Zelenskiy’s urgent appeal to the U.S. Congress for military help to fend off a Russian invasion, the White [House says](https://www.financedigest.com/uk-house-prices-stabilise-after-four-month-fall-halifax-says.html "UK house prices stabilise after four-month fall, Halifax says"). [Biden will address Zelenskiy’s remarks in his planned speech](https://www.financedigest.com/stocks-dollar-pause-ahead-of-powell-biden-speeches.html "Stocks, dollar pause ahead of Powell, Biden speeches"), a White House official said. He also [plans to detail funding](https://www.financedigest.com/uk-drops-plan-to-tax-sovereign-wealth-funds.html "UK drops plan to tax sovereign wealth funds") to come from a massive spending bill Biden signed into law that includes $13.6 billion in new aid to Ukraine. The new funding will provide additional humanitarian, [security and economic](https://www.financedigest.com/infosecurity-europe-agenda-spotlights-innovation-as-security-leaders-address-cybersecurity-spend-in-the-face-of-economic-headwinds.html "Infosecurity Europe agenda spotlights innovation as security leaders address cybersecurity spend in the face of economic headwinds") assistance, and roughly half of the aid package will be used to deploy troops to the region and send defense equipment to Ukraine. In his address to Congress, Zelenskiy compared the ongoing attacks in [Ukraine to the Japanese attack on Pearl Harbor that pulled the United States into World War](https://www.financedigest.com/ukraine-seeks-debt-payment-freeze-as-war-ravages-economy.html "Ukraine seeks debt payment freeze as war ravages economy") Two, and begged lawmakers, and Biden directly, for more help. This is a terror that [Europe has not seen for 80 years](https://www.financedigest.com/europe-facing-its-worst-drought-in-500-years-study.html "Europe facing its worst drought in 500 years – study"), and we are asking for our life, for an answer to this terror from the whole world. Is this a lot to ask for? To create a no-fly zone over [Ukraine to save people?,” Zelenskiy](https://www.financedigest.com/frances-macron-awards-legion-of-honour-to-ukraines-zelenskiy.html "France’s Macron awards Legion of Honour to Ukraine’s Zelenskiy") said, through an interpreter. “If this is too much to ask, we [offer an alternative,”](https://www.financedigest.com/bicester-homes-offer-priceless-alternative-to-pricey-oxford.html "Bicester Homes Offer Priceless Alternative To Pricey Oxford") he said. You know what kind of defense systems we [need,”](https://www.financedigest.com/g20-summit-what-you-need-to-know-now.html "G20 Summit: What you need to know now") adding that he knows the United States has them. Biden has referred to the creation of a “no-fly zone” over Ukraine as “World War Three,” and the Pentagon has refused requests to send MiG-29 [fighter](https://www.financedigest.com/ukraine-says-first-civilians-killed-in-lviv-fighters-cling-on-in-mariupol.html "Ukraine says first civilians killed in Lviv, fighters cling on in Mariupol") jets to Ukraine. Earlier on Wednesday, Russia and Ukraine both emphasized newfound scope for compromise as peace [talks were set to resume three weeks into a Russian](https://www.financedigest.com/japan-insurers-in-talks-with-reinsurers-to-resume-coverage-in-russian-waters.html "Japan insurers in talks with reinsurers to resume coverage in Russian waters") assault that has so far failed to topple the Ukrainian government. On Tuesday, the White House said Biden will travel to Brussels for a March 24 NATO summit on Russia’s invasion of Ukraine, which Moscow [terms a “special military operation.”](https://www.financedigest.com/ubisoft-vows-to-get-back-to-operating-margin-above-20-in-medium-term.html "Ubisoft vows to get back to operating margin above 20% in medium term") Biden has ratcheted up [sanctions imposed](https://www.financedigest.com/new-u-s-sanctions-imposed-for-russian-bank-oligarchs-crypto-miner-bitriver.html "New U.S. sanctions imposed for Russian bank, oligarchs, crypto miner BitRiver") on Russia in recent days. He has called for a suspension of Russia’s trading status that affords its [exported products lower tariffs in the international arena and announced a ban on Russian oil](https://www.financedigest.com/explainer-why-malaysia-is-considering-a-ban-on-palm-oil-exports-to-the-european-union.html "Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union") and other energy imports. The United Nations estimates that around 3 million people have fled Ukraine, mostly women and children, and are [seeking safety](https://www.financedigest.com/risking-death-at-sea-rohingya-muslims-seek-safety-in-indonesia.html "Risking death at sea, Rohingya Muslims seek safety in Indonesia") in neighboring countries, mainly Poland. Biden will deliver remarks at 11:45 a.m. ET (1545 GMT). (Reporting by Nandita Bose and Steve Holland in Washington; editing by Jonathan Oatis and Heather Timmons) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---