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

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**US Plans to Forgive Part of Ukraine’s 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 a law passed 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 Volodymyr is set to meet all US and the US President September 21st. This shows how important the US-Ukraine relationship is.

Read More @ euromaidanpress.com

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