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What will be the outcome of Biden's $4.7 billion Ukraine debt forgiveness proposal by December 31, 2025?
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Resolution / Starting Odds
Fully approved • 25%
Partially approved • 25%
Rejected • 25%
No decision by deadline • 25%
Official government announcements or reports from reputable news outlets
Story
Biden Proposes Forgiving $4.7 Billion, Nearly Half of Ukraine's Debt
Nov 20, 2024, 08:59 PM
The Biden administration has notified Congress of its plan to forgive $4.65 billion (reported as $4.7 billion by some sources) in loans to Ukraine that were originally intended to be repaid. This move, confirmed by State Department spokesperson Matthew Miller and reported by Reuters, aims to support Ukraine by canceling nearly half of its economic debt to the United States. The loans, amounting to almost $10 billion, were provided as conditional loans rather than free aid. The proposal aligns with provisions in an aid package approved by Congress in April, which allows up to 50% loan forgiveness.
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Approved in full • 25%
Partially approved • 25%
Rejected • 25%
No decision by January 20, 2025 • 25%
Approved in full • 25%
Approved with reductions • 25%
Rejected • 25%
No decision • 25%
Approved in full • 25%
Approved partially • 25%
Rejected • 25%
No decision by deadline • 25%
Yes • 50%
No • 50%
Fully repaid and positive economic impact • 25%
Partially repaid with moderate impact • 25%
Not repaid with negative impact • 25%
Other • 25%
Fully disbursed • 25%
Partially disbursed • 25%
Not disbursed • 25%
Other • 25%
Significant territorial gains by Ukraine • 25%
Stalemate with no significant territorial changes • 25%
Significant losses for Ukraine • 25%
Ceasefire agreement • 25%
Ukraine regains significant territory • 25%
Conflict remains in a stalemate • 25%
Russia regains lost territory • 25%
Other • 25%
Fully repaid • 25%
Partially repaid • 25%
Not repaid • 25%
Canceled • 25%