Biden team makes huge money move for Ukraine before next president takes over
US government writes-off almost five billion dollars in Ukraineʼs debt as part of wider support package. This quick-action comes just months before the next administration change-over
Matthew Miller from State Department told reporters about new Ukraine debt write-off worth $4.7bn (which is part of spring-time economic help package) The move happened right after nov-15 when rules allowed it
Last spring congress okayed $9.4bn in possible debt cancellation for Ukraineʼs budget needs; half of it could be erased after mid-november. This is connected to bigger $61bn aid-pack that helps fight off russian attack that started about 3 years ago
The govʼt made its choice to erase loans as law said — Miller explained during press-meet; however congress still can block it. Senator Rand Paul who doesnt like sending money to Ukraine asked for special vote about this: but most republicans and democrats still back Ukraine aid
Current white-house team wants to send as much help as they can before jan-20 switch — because no one knows what new leader might do. Thereʼs some worry that support could get smaller after that
- Total approved ukraine help: $61bn
- Amount that can be written off: $9.4bn
- Current debt erasure: $4.7bn
- Time left till power change: about 2 months
The quick-action shows how current team rushes to lock-in support while they still can; this debt write-off being just one piece of larger aid puzzle. Congress needs to decide what happens next — with most lawmakers showing positive signs about continuing help
