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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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American Military News

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…

4 months ago

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Conservative Daily News

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, […]

4 months ago

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The Post Millennial

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."

4 months ago·Toronto, Canada

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The American Conservative

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…

4 months ago

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Independent Sentinel

Biden to Forgive Nearly $5B in Taxpayer-Funded Loans to Ukraine

On his way out the door, Joe Biden plans to write off about $4.7 billion in taxpayer-funded loans to Ukraine. Since February 2022, the US Congress has approved more than $174 billion in aid packages to support Ukraine in its conflict with Russia. The latest tranche, approved in April, included over $9.4 billion in “forgivable loans” to […] The post Biden to Forgive Nearly $5B in Taxpayer-Funded Loans to Ukraine appeared first on www.independents…

4 months ago

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