Biden's Final Push: $4.6 Billion Ukraine Debt Relief Before Trump Takes Office

Washington, Thursday, 21 November 2024.
In a strategic move ahead of the January 2024 presidential transition, the Biden administration seeks to cancel half of Ukraine’s $9 billion loan. This debt forgiveness, part of a broader $61 billion aid package, faces potential congressional scrutiny but enjoys bipartisan support. The timing is crucial as the administration races to secure Ukraine’s position before Trump’s inauguration.