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

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. The decision, which requires Senate approval, faces opposition from Republican Senator Rand Paul. The funding bill also included $61 billion in total aid for Ukraine.

November 20, 2024
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