Biden seeks to cancel over $4.5 billion in Ukraine's debt
Biden seeks to cancel over $4.5 billion in Ukraine's debt
kyivindependent.com Biden seeks to cancel over $4.5 billion of Ukraine's debt
"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," U.S. State Department spokesperson Matthew Miller said on Nov. 20.
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Good thing I didn't buy any Ukrainian government bonds!
The debt Biden canceled was own to the US government. So this would have been good for Ukrainian bonds, as it makes them more likely to be paid back.