KYIV, Dec 4 – Funds for U.S. military assistance to Ukraine will be exhausted by the end of this year 2023 if the U.S. Congress does not decide to allocate additional funding, Director of the U.S. Administration's Office of Management and Budget Shalanda Young has said.

"I want to be clear: without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from U.S. military stocks. There is no magical pot of funding available to meet this moment. We are out of money—and nearly out of time. Cutting off the flow of U.S. weapons and equipment will kneecap Ukraine on the battlefield, not only putting at risk the gains Ukraine has made, but increasing the likelihood of Russian military victories," Young said in a letter to congressional leaders released on the White House website on Monday.