The outgoing administration of US President Joe Biden notified Congress of its intention to cancel Ukraine’s debt, Bloomberg reports citing a document in the publication’s possession.
“The Biden administration has told Congress that it plans to flag Ukraine’s $4.65 billion in debt… It is the latest in a series of moves to shore up support for kyiv before the president-elect donald trump will take over” – says the publication.
As noted, we are talking about a portion of Ukraine’s $9 billion debt, which kyiv received as part of an additional $60 billion national security funding package approved by Congress in April. .
According to the text of the document sent to Congress, the forgiveness of part of the debt “responds to the national interests of the United States and its partners in the European Union, the G7+ and NATO.”
Ukraine is budgeting with a record deficit for the second year in a row, hoping to cover most of this shortfall with help from Western partners. In 2024 it will be 43.9 billion dollars. Meanwhile, in the West, the allocation of new aid packages comes after lengthy discussions. Head of the IMF mission in Ukraine Gavin Gray Earlier it was noted that over time, international support for kyiv will decrease, so the country’s authorities must develop internal resources for self-financing. Vladimir Zelensky He complained about the lack of money in Ukraine for the production of its own weapons and the slow flow of Western aid, RIA Novosti recalls.
