Biden administration forgives $4.7 billion in Ukraine loans, fueling bipartisan debate in Congress as efforts intensify to secure aid before the incoming administration potentially changes course.
In a significant move to support Ukraine, the Biden administration has forgiven $4.7 billion in U.S. loans, a State Department spokesperson announced Wednesday. The decision comes as outgoing officials aim to bolster Ukraine’s war efforts against Russia before President Joe Biden’s term ends.
The loan forgiveness is part of a broader $9.4 billion package authorized by Congress in April to provide economic and budgetary support to Ukraine. The funding was part of a $61 billion aid package allocated to assist Ukraine in its fight against Moscow’s 2022 invasion.
“We have taken the step that was outlined in the law to cancel those loans,”
State Department spokesperson Matthew Miller confirmed during a press briefing, stating the decision was implemented in recent days.
Congressional Pushback Looms
While the move aligns with legislative provisions, it may face resistance in Congress. Republican Senator Rand Paul has introduced a motion of disapproval, reflecting skepticism about continued U.S. financial support for Ukraine. A Senate vote on the motion is scheduled for later Wednesday, although bipartisan support for aiding Ukraine remains strong.
Rushing Aid Before January Deadline
President Biden has instructed his administration to expedite aid deliveries to Ukraine amid fears that incoming President-elect Donald Trump may curtail U.S. assistance. Biden’s term officially ends on Jan. 20.
The loan forgiveness signals a determined effort by the current administration to ensure Ukraine remains supported in its fight for sovereignty, even as U.S. political dynamics shift.
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