Biden administration proposes to cancel $4.65 billion in economic aid loaned to Ukraine  

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**US Plans to Forgive Part of Debt**

The US government wants Congress to approve forgiving half of Ukraine’s economic debt. This means $4.65 billion would be written off, leaving the other half still owed.

This move follows law passed April that allowed this kind of forgiveness. The Biden administration is doing what the law says by canceling half of the conditional loans given to Ukraine.

The State Department has confirmed this decision and says Congress can oppose it if they want to. However, the department believes that won’ happen because most lawmakers helping Ukraine.

**Why This Matters**

Ukraine’s President Volodymyr Zelenskyy is set to meet all US and the US President on September 21st. This shows how important the US-Ukraine relationship is.

Read More @ euromaidanpress.com

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