The White House is ready to write off $4.65 billion of Ukraine's debt in economic assistance: decision awaits Congress.
21.11.2024
1505
Journalist
Shostal Oleksandr
21.11.2024
1505
The Biden administration has proposed to erase approximately $5 billion of Ukraine's debt.
The proposal was sent to Congress and constitutes half of the amount of economic assistance provided to Ukraine.
According to the Ukraine Security Supplemental Appropriations Act, passed by Congress in April 2024, the president has the authority to erase 50% of this amount after November 15, 2024, while the next president will be able to erase the rest from January 1, 2026.
This decision is in accordance with the provisions of the law, - stated State Department spokesman Matthew Miller. - Now it depends on Congress. I am confident that Congress will support this decision, as assistance to Ukraine has strong bipartisan support.
Read also
- 'Silently': Macron sharply addressed Ukraine's allies
- 40% lower than predicted: the price of Russian oil has plummeted to a record low
- Seizing 17-year-olds and students, 'buying' cars: the TCC reacted to the scandalous video with instructions on how to find 'evaders'
- 'We are close': Kellogg identifies the main obstacle to achieving peace in Ukraine
- Russians have started to act more cautiously after the downing of the Su-30 - Navy of Ukraine
- Russia attacked Kyiv with ballistic missiles and drones: there are dead and injured – what is known
