Reported about 10 hours ago
The Biden administration plans to forgive $4.65 billion of Ukraine's debt, as outlined in a letter to Congress, aimed at reinforcing support for Kyiv before Donald Trump takes office. This decision includes the cancellation of half of a $9 billion loan from a $60 billion aid package approved earlier this year, reflecting the U.S.'s strategic interests in helping Ukraine in the face of ongoing tensions with Russia. However, this proposal has met resistance from some Republicans who argue against placing the debt burden on American taxpayers.
Source: YAHOO