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

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**US Plans Forgive Part of Ukraine’ Debt**

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

This move follows a law passed in April 2024 that allowed for this kind of forgiveness. The Biden 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’t happen because most support helping Ukraine.

**Why This Matters**

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

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