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flag Biden administration proposes forgiving $4.7 billion in U.S. loans to Ukraine, facing opposition.

flag The Biden administration plans to forgive about $4.7 billion in U.S. loans to Ukraine, part of a $9.4 billion loan package approved by Congress in April to support the country's economy during its war with Russia. flag The decision, which requires Senate approval, faces opposition from Republican Senator Rand Paul. flag The funding bill also included $61 billion in total aid for Ukraine.

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