The White House is ready to write off $4.65 billion of Ukraine's debt in economic assistance: decision awaits Congress.
20.11.2024
891
Journalist
Shostal Oleksandr
20.11.2024
891
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
- Putin presented Trump with the main condition for a 30-day ceasefire in Ukraine, - Bloomberg
- ICAO Council rejected Iran's attempt to evade responsibility for the downing of the MAU aircraft
- Officer Arty Green: The withdrawal from Khursk was disorganized: 'It strongly resembles Debaltseve'
- Russia's economy will struggle to cope with peace - Media
- Forum Europe Civil Security: Ukraine's Experience in Countering Russia to be Discussed in Warsaw
- The withdrawal of the Armed Forces of Ukraine from the Kursk region was not a defeat - officer Arty Green
