Ukraine-Russia War: US Plans to Cancel $4.6 Billion of Kyiv’s Debt

The Biden administration told Congress it plans to cancel $4.65 billion in debt owed by Ukraine, according to a letter obtained by Bloomberg News. The move is part of a broader effort by President Joe Biden to rush more support to Kyiv before Donald Trump returns to the White House in January. Meanwhile, Ukrainian forces fired British cruise missiles at military targets inside Russia for the first time on Wednesday. Bloomberg’s Oliver Crook reports.
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