True.
This will be coupled with a cut-off of US taxpayer funds and also a cut-off of weapons support to the Ukraine.
There’s a problem with cutting off all funds: Ukraine would collapse into a failed state. We are funding their government, pension funds, entire economy. A Libya in Europe would never be tolerated.
On the brighter side, a horrified EU might be willing to pony up and relieve us of much of the burden.