Biden administration moves to forgive $4.7 billion of loans to Ukraine

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Biden administration moves to forgive $4.7 billion of loans to Ukraine

www.swissinfo.ch

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World NewsEnglish • 1 month ago

By Simon Lewis and Daphne Psaledakis

Summary

The Biden administration has moved to forgive $4.7 billion in U.S. loans to Ukraine as part of a $9.4 billion loan package authorized by Congress in April to support Ukraine’s government during its war with Russia.

State Department spokesperson Matthew Miller confirmed the decision, which Congress could still block.

The Senate is set to vote on a disapproval motion introduced by Senator Rand Paul, though bipartisan support for Ukraine remains strong.

President Biden is expediting aid ahead of his term’s end, amid concerns President-elect Trump may restrict future support.

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1 month ago
And yet we keep electing the people that let it happen. You can’t blame capitalism alone. The citizenship is letting it happen. This most recent election is proof.

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