SME Times is powered by   
Search News
Just in:   • Indian stock markets gain in early trade amid oil relief, Israel-Lebanon ceasefire  • India's engineering goods exports hit record of $122 billion in FY26  • Oil surge threatens India inflation outlook​: Chief Economic Advisor  • Sensex, Nifty open higher as geopolitical tensions ease  • Govt okays guarantees worth Rs 92,000 crore in February-March to boost MSMEs 
Last updated: 21 Nov, 2024  

biden Biden administration forgives $4.7 billion loans to Ukraine

biden
   Top Stories
» Indian stock markets gain in early trade amid oil relief, Israel-Lebanon ceasefire
» Sensex, Nifty open higher as geopolitical tensions ease
» Govt okays guarantees worth Rs 92,000 crore in February-March to boost MSMEs
» Gold holds steady amid easing US-Iran tensions; silver gains on MCX
» Indian stock markets remain closed on Ambedkar Jayanti
IANS | 21 Nov, 2024

The Biden administration has moved to forgive about $4.7 billion in US loans to Ukraine, State Department spokesperson Matthew Miller said.

According to the statement made on Wednesday, outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia.

A funding bill passed by the US Congress in April included over $9.4 billion of forgivable loans for economic and budgetary support to Ukraine's government, half of which the President could cancel after November 15. The bill appropriated a total of $61 billion to help Ukraine fight the full-scale invasion Moscow launched in February 2022.

"We have taken the step that was outlined in the law to cancel those loans," Miller told a press briefing, adding that the step was taken in recent days.

However, Congress could still block the move, Miller added.

President Joe Biden has ordered officials to rush as much aid to Ukraine as possible before he leaves office on January 20, amid concerns that President-elect Donald Trump could limit US support.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.25
₹92.55
UK Pound
₹125.95
₹121.95
Euro
₹108.95
₹105.3
Japanese Yen ₹59.4 ₹57.6
As on 02 Apr, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter