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

  • The Biden administration plans to forgive about $4.7 billion in US loans to Ukraine, according to State Department spokesperson Matthew Miller.
  • Biden delivered a statement of intent to Congress recently, pledging to support Ukraine before President-elect Donald Trump takes office.
  • Miller noted that the offer allows Biden to forgive up to 50 percent of the loan and expressed confidence in bipartisan support for assistance in Congress.
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