Biden Administration Moves to Forgive $4.7 billion of Loans to Ukraine

Biden Announces Move to Forgive Roughly $4.7 Billion Loan to Ukraine

A battle is taking place on Capitol Hill this week after the State Department announced The Biden administration is planning to forgive roughly $4.7 billion that it loaned to Ukraine. Many lawmakers are not pleased with the announcement, noting part of the funds to Ukraine were solely in the form of a loan. State Department spokesman Matthew Miller told reporters, “Some of that economic assistance was provided in the form of loans, and we had th…

Biden-Harris admin aims to forgive $4.65 billion in Ukraine loans

The Biden-Harris administration has informed Congress that it intends to forgive $4.65 billion in loans provided to Ukraine earlier this year. Matthew Miller, a U.S. State Department spokesman, confirmed during a Wednesday press briefing that the Biden-Harris administration plans to forgive roughly half of the economic loan the U.S. offered Ukraine in April. “So we have taken the step that was outlined in the law to cancel those loans, provide…

Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine

by Jake Smith at CDN - The Biden administration is planning to forgive roughly $4.7 billion that it loaned to Ukraine, the State Department announced on Wednesday, but some lawmakers are moving to stop that from happening. The Biden administration has flooded Ukraine with billions of dollars since the country’s war with Russia began in 2022. … Click to read the rest HERE-> Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine first…

Biden administration informs Congress it will forgive $5B in economic loans to Ukraine

The Biden administration told Congress it plans to cancel $4.65 billion in debt owed by Ukraine, approximately half of an economic loan offered earlier this year. State Department spokesperson Matthew Miller confirmed the plans in a briefing on Wednesday. “So we have taken the step that was outlined in the law to cancel those loans, […]

Biden-Harris admin moves to forgive $4.7 BILLION in loans made to Ukraine

"We have taken the step that was outlined in the law to cancel those loans."

Biden Administration Seeks to Cancel Billions in Ukraine Debt

The Biden administration announced Wednesday that it will seek to forgive $4.7 billion of debt owed by Ukraine to the U.S. The debt is part of a funding bill passed by Congress earlier this year, which included in its $61 billion of aid to the country some $9.4 billion dollars of forgivable loans. The administration will exercise the option to forgive half the debt, provided that the move is not blocked by Congress. Senator Rand Paul (R-KY), who…