Biden administration moves to cancel $4.65B of Ukraine's debt, send more military aid

Nov. 21, 2024 4:07 AM ETPPA, GD, LMT, NOC, ITA, XAR, DFENBy: Jessica Kuruthukulangara, SA News Editor15 Comments
(1min)
United States and Ukraine leaders shaking hands on deal agreement

Kagenmi/iStock via Getty Images

The Biden administration has moved to cancel $4.65B debt owed by Ukraine, half of the $9.4B forgiven loans the U.S. provided, in another step to strengthen support for Kyiv before President-elect Donald Trump takes office.

The loans were part of a $60B

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