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

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Posted on 11/20/2024 1:43:30 PM PST by rdl6989

WASHINGTON (Reuters) - The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said on Wednesday, as outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia.

A funding bill passed by the U.S. Congress in April included just over $9.4 billion of forgivable loans for economic and budgetary support to Ukraine's government, half of which the president could cancel after Nov. 15. The bill appropriated a total of $61 billion to help Ukraine fight the full-scale invasion Moscow launched in February 2022.

(Excerpt) Read more at uk.news.yahoo.com ...

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1 posted on 11/20/2024 1:43:30 PM PST by rdl6989

To: rdl6989

2 posted on 11/20/2024 1:44:14 PM PST by Skwor

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3 posted on 11/20/2024 1:46:17 PM PST by dragnet2 (Diversion and evasion are tools of deceit)

To: rdl6989

4 posted on 11/20/2024 1:46:26 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)

To: ifinnegan

5 posted on 11/20/2024 1:52:05 PM PST by GailA (kamalaczar and herr waltz want to turn America into a commie country. Vote Trump.)

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